United States

Economics

U.S. President Donald Trump signed an executive order implementing reciprocal tariffs with a minimum baseline of 10% and special rates for more than two dozen countries, with the 10% baseline tariff taking effect on April 5 and the higher rates on April 9, The Wall Street Journal reported on April 2. 

U.S.: White House Announces Broad Reciprocal Tariff Plan, Though Exempts Canada, Mexico

South Africa

Politics

South Africa's National Assembly adopted Finance Minister Enoch Godongwana's fiscal framework -- the first of three key pieces of legislation to pass the budget -- by 192 votes against 184, Daily Maverick reported on April 2.

South Africa: Adoption of Key Budget Document Risks Implosion of Coalition Government

Angola

Democratic Republic of the Congo

Zambia

U.S. Ambassador to Angola James Story is conducting a three-day visit along the Lobito Corridor, a U.S.-backed rail project that aims to upgrade transport networks between Zambia and the Democratic Republic of the Congo's mineral-rich regions to the port of Lobito in Angola, The New York Times reported on April 2.

U.S., Angola: Trump Administration Shows First Sign of Support to Lobito Corridor 

Turkey

Military & Security

Ozgur Ozel, the head of Turkey's opposition Republican People's Party, or CHP, called for an economic boycott on April 2 to protest the arrest of CHP presidential candidate Ekrem Imamoglu and the arrest of 301 university students in subsequent protests, Hurriyet reported on April 2.

Turkey: Opposition Calls for Economic Boycott 

China

Taiwan

The Chinese army's Eastern Theater Command announced on its website on April 1 that it was conducting military exercises around Taiwan, with varied operational foci, including "blocking key areas and roads."

China, Taiwan: Latest Drill Practices Blockade in Response to Lai's '17 Strategies' 

Peru

The Peruvian government launched a package of 402 measures to reduce bureaucracy, increase business efficiency and boost investment, Infobae reported March 31.

Peru: Deregulation Push to Marginally Improve Business Environment Despite Lingering Political Risks

United Kingdom

The United Kingdom's Prime Minister Keir Starmer instructed his Cabinet to prepare for imminent U.S. tariffs on British exports after last-minute negotiations with the administration of U.S. President Donald Trump failed to secure an exemption, the Financial Times reported on April 1.

U.K.: London Unlikely To Escape U.S. Tariffs, But Negotiations Will Continue

Japan

Japan's Diet passed a 115.2 trillion yen ($767.7 billion) budget for 2025 on the last day of the 2024 fiscal year, The Asahi Shimbun reported on March 31.

Japan: Diet Passes Budget, Shows Policymaking Slowdown and Prime Minister's Stakes 

The world is connected, but even the broadest topics deserve an individual look. Below are our latest and most relevant economics analyses.

Below are our latest and most relevant economics analyses.

Sub-Saharan Africa

Americas

Asia-Pacific

Europe

Eurasia

Middle East and North Africa

South Asia

Beyond Quantitative Easing

The New Silk Road

The Fate of the Eurozone

South America: Split Decisions on Trade

Banking

Commodities: A Cautionary Tale

Social Issues

European Disintegration

Russia's Internal Struggle

China in Transition

A Japanese Awakening

East African Integration

Assessments

Somalia

Egypt

Israel

Palestinian Territories

Qatar

Saudi Arabia

United Arab Emirates

Philippe Lazzarini (C), the commissioner general for the U.N. Relief and Works Agency for Palestine Refugees in the Near East, attends a humanitarian conference for Gaza in Cairo, Egypt, on Dec. 2, 2024, amid the continuing Israel-Hamas war.

Egypt's economic limitations will continue to restrain its assertiveness in foreign policy, constraining its ability to project power in the region.

Egypt's Economic Priorities Sideline Assertive Foreign Policy

Columns

On Geopolitics

Russia

Members of the Spanish and Bulgarian armed forces during the NATO exercise Steadfast Dart on Feb. 13, 2025, in Tsrancha, Bulgaria. 

Any U.S. retrenchment away from Europe will more likely be gradual, shaped by strategic realities, shared interests and material constraints, but this transition will still carry profound military, economic and societal implications that will deeply reshape the Continent's security landscape and accelerate the transition to a truly multipolar world.

The Future of Transatlantic Security Cooperation, Part 1: The View From Washington

Cyber

Energy

Environment, Science & Technology

Israel-Hamas Conflict

Russia-Ukraine Conflict

Intensifying trade wars, a potential ceasefire in Ukraine, continued volatility in the Middle East and consequential elections in key countries will shape the quarter.

2025 Second-Quarter Forecast: An Excerpt

Global Elections

U.S.-China Relations

U.S.-Iran Relations

South Korea

Germany

France

Ukraine

People wave flags and chant slogans during a protest in front of the municipality headquarters in support of arrested Istanbul Mayor Ekrem Imamoglu on March 19, 2025, in Istanbul, Turkey. 

Global Trade

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: U.S. To Announce Tariffs, Protests in Turkey Rage On

Snapshots

Australia

Australian Treasurer Jim Chalmers delivers a speech in parliament on the government's newly unveiled 2025-26 budget on March 25, 2025, in Canberra, Australia.

Unveiled just ahead of May elections, the budget marks a pivot to resource-driven growth, U.S.-aligned defense integration and domestic industrial development, but its durability will be tested.

Reading Between the Lines of Australia's 2025-26 Budget

People in Istanbul, Turkey, walk past a currency exchange board showing the Turkish lira, which fell to historic lows against the dollar upon the news of Istanbul Mayor Ekrem Imamoglu's arrest on March 19, 2025. 

Extensive foreign exchange sales have so far kept the Turkish lira relatively stable, but this is a high-risk strategy as it could eventually force Ankara to allow for significant exchange rate depreciation.

Turkey's Efforts To Stabilize Markets Amid Protests May Not Be Sustainable

The skyline of Kigali, Rwanda, is seen on March 27, 2024.

The region's population dynamics will remain favorable in the context of strong labor force growth and declining dependency ratios.

The Economic Potential of Sub-Saharan Africa's Population Growth

New Zealand

India

India's Prime Minister Narendra Modi (L) walks with New Zealand's Prime Minister Christopher Luxon (R) before their meeting at the Hyderabad House in New Delhi, India, on March 17, 2025. 

U.S. tariff threats are pushing India to revamp negotiations over free trade agreements, but protectionist trade policies and other obstacles will challenge the progression of talks.

India Dusts Off Old FTA Negotiations Ahead of U.S. Tariffs

Participants attend the annual Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia, on Oct. 29, 2024. 

The kingdom is increasingly likely to continue to scale back less viable megaprojects while focusing on successful reforms.

As the Finish Line Approaches, Saudi Arabia Dials Back Its Vision 2030 Ambitions

People wave Turkish national flags as they protest in Istanbul on March 20, 2025, following Mayor Ekrem Imamoglu's detention over a corruption probe.

The charismatic Istanbul mayor's detention will likely trigger protests and further undermine his party's ability to challenge Erdogan and the AKP in the 2028 presidential election.

In Turkey, Imamoglu's Arrest Dims the Opposition's Presidential Prospects

Spain

Spanish soldiers sit at tables at a makeshift military base in Valencia, eastern Spain, on Nov. 12, 2024, following deadly floods in the region.

Domestic political constraints will impede Madrid's ability to expand its defense budget, which will expose it to U.S. retaliation and limit Spanish participation in any European deployment to Ukraine.

Economics

SITUATION REPORTS

U.S.: White House Announces Broad Reciprocal Tariff Plan, Though Exempts Canada, Mexico

South Africa: Adoption of Key Budget Document Risks Implosion of Coalition Government

U.S., Angola: Trump Administration Shows First Sign of Support to Lobito Corridor

Turkey: Opposition Calls for Economic Boycott

China, Taiwan: Latest Drill Practices Blockade in Response to Lai's '17 Strategies'

Peru: Deregulation Push to Marginally Improve Business Environment Despite Lingering Political Risks

U.K.: London Unlikely To Escape U.S. Tariffs, But Negotiations Will Continue

Japan: Diet Passes Budget, Shows Policymaking Slowdown and Prime Minister's Stakes

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