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US tariff delay deepens global economic uncertainty

The US has postponed its tariff pause till August 1, while simultaneously imposing additional tariffs on a number of nations, once again raising global economic unease. At the same time, a new 50% tariff on copper imports has been introduced, further unsettling supply chains and investor confidence. Meanwhile, China's economic expansion continues steadily, with its 2021-2025 growth projected to exceed 35 trillion yuan, driven by domestic innovation and industrial upgrades, an official said this week. This week, BRICS countries are also gathering to advance efforts on cross-border currency settlement, signaling stronger financial cooperation. While challenges remain, the initiative reflects a broader trend toward diversified global economic frameworks.