The Global Forecast Monitor

This week, the United States suspended military aid and intelligence sharing with Ukraine, while European leaders proposed initiatives on Ukrainian and European security. In the Indo-Pacific, China announced it will impose retaliatory tariffs of 15% on key U.S. agricultural imports, and Taiwan announced it will increase its investment in the U.S. semiconductor industry. In the Middle East, Israel cut off humanitarian aid into Gaza, while the U.S. and Arab states contended over a Gaza reconstruction plan. President Donald Trump imposed his previously delayed 25% tariffs on Canada and Mexico before making exemptions for car imports following a steep drop in the U.S. stock market.

This week, the United States suspended military aid and intelligence sharing with Ukraine, while European leaders proposed initiatives on Ukrainian and European security. In the Indo-Pacific, China announced it will impose retaliatory tariffs of 15% on key U.S. agricultural imports, and Taiwan announced it will increase its investment in the U.S. semiconductor industry. In the Middle East, Israel cut off humanitarian aid into Gaza, while the U.S. and Arab states contended over a Gaza reconstruction plan. President Donald Trump imposed his previously delayed 25% tariffs on Canada and Mexico before making exemptions for car imports following a steep drop in the U.S. stock market.

This week, the United States conducted Ukraine-related diplomacy with Russia, France, and the U.K., while Ukrainian President Volodymyr Zelenskyy travelled to Washington to finalize a critical minerals deal. In the Indo-Pacific, Taiwan is investigating a Chinese ship’s possible role in recent damage to one of its undersea cables, while the Trump administration unveiled sanctions against entities in the Chinese oil industry. In the Middle East, the first phase of hostage and prisoner swaps between Hamas and Israel was completed, and Israel deployed tanks into the West Bank. Global trade escalations continued as U.S. President Donald Trump announced he will impose 25% tariffs on EU imports, drawing promises of retaliation from the bloc, and that he will press ahead with tariffs against Canada, Mexico, and China on March 4.