G7 central banks to issue first responses to Trump tariff chaos this week

G7 central banks are preparing to announce rate cuts this week due to President Trump’s tariffs. ECB President Christine Lagarde emphasizes the need for measures to ensure price stability as inflation trends decline in the U.S. Amid rising consumer spending.

China retaliates with a 125% tariff on U.S. Goods, while Argentina celebrates its first budget surplus in over a decade, supported by President Milei’s fiscal reforms, indicating a shift towards sustainable economic policies in South America.

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