The Daily Brief

South Asia's Textile Industry Reels From U.S. Tariffs

Textile exports from Bangladesh, Sri Lanka and Pakistan will suffer under new U.S. tariffs, worsening economic hardships and risking political instability.

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What To Make of Argentina's Latest IMF Deal

The $20 billion bailout package will reduce financial risks amid Argentina's ongoing macroeconomic adjustment, but the threat of policy slippage will increase ahead of the 2027 presidential election.

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OTHER TOPICS WE'RE TRACKING

• China, U.S.: Beijing Targets U.S. Aircraft Industry as Tariffs Plateau

• Singapore: Parliament Dissolved, May 3 General Election Called

• U.S., El Salvador: Trump-Bukele Meeting Indicates Continued Cooperation on Migration, Deportations 

• France: Bayrou Says More Cuts Needed To Meet Fiscal Deficit Targets, Rules Out Tax Hikes

• U.K., U.S.: Vance Says U.S.-U.K. Trade Deal Is in Sight

• South Africa: ANC Mulls Scrapping VAT Hike To Pass 2025 Budget

• Sudan: SAF Imposes Curfew in El Fasher as U.K. Hosts Peace Conference With Regional Players