Trade Policy Shock: The Trump administration declined to renew USMCA in its current form, triggering fresh talks and raising uncertainty for the $2T North American trade bloc. EU–China Stance: Germany’s ruling coalition pledged tougher EU-level action to defend trade and curb unfair competition, signaling a harder line toward Beijing. South Asia Trade & Growth: Bangladesh Bank launched a pilot to digitize trade documents for exports and imports, aiming to cut friction in letters of credit and documentary collections. Customs Modernization: ADB approved a $50m loan for Nepal to modernize customs via digitalization and risk-based inspections, targeting lower trade costs and faster border flows. SME Relief: South Korea announced 14.9tn won in emergency support for SMEs hit by high exchange rates, pairing liquidity with expanded tax and trade insurance. Energy-for-Industry: Nigeria’s REA signed an MoU to deliver 7MW for agro-industrial clusters across multiple states, linking power, irrigation, and export-ready warehouse receipts. AI in Public Services: Punjab began rolling out an AI curriculum across government schools, while Bangladesh and other governments push digital trade paperwork and infrastructure. Japan–India Security-Economy: Modi and Japan’s Takaichi reaffirmed cooperation on economic security, energy, and supply-chain resilience. Local Economy & Governance: South Africa’s COSATU criticized a cabinet reshuffle over anti-corruption concerns, while Germany unveiled a broad reform package mixing tax relief with labor and welfare changes.