Up First from NPR Global Economic Forecast Dims, Ukraine Peace Talks, Pope Francis Lies In State
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Apr 23, 2025 Economists are warning of an impending global economic slowdown due to high U.S. tariffs. In London, key officials are engaged in crucial peace talks concerning the ongoing conflict in Ukraine. Meanwhile, crowds gather at Saint Peter's Basilica to pay their respects to Pope Francis, reflecting on his impactful papacy. The discussions touch on the political significance of his funeral and the mourning of a figure deeply connected to many around the world.
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Trade War Slows Global Economy
- The US-China trade war has caused a major economic slowdown globally.
- High tariffs act as a supply shock reducing output and increasing prices temporarily.
Tariffs Stranding Game Orders
- A Massachusetts company making board games in China faces stalled orders due to tariffs.
- Its key clients like Target and Costco have halted millions of dollars in purchases.
Trade Easing Boosts Growth
- Easing trade policies could immediately improve growth prospects worldwide.
- Stable trade environments benefit US consumers and exporters alike.