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Daily News Brief

April 7, 2025

Welcome to CFR’s Daily News Brief. Today we’re covering the global scramble to negotiate down U.S. President Donald Trump’s tariffs, as well as...

  • TikTok’s new deadline for divestment

  • Trilateral India-Sri Lanka-UAE cooperation

  • Disarmament by a Colombian rebel group

 
 

Top of the Agenda

Countries around the world sought tariff negotiations as Trump’s baseline 10 percent levies took effect over the weekend. Trump said yesterday that he spoke with leaders from Asia and Europe. He said there was “no talk unless they pay us a lot of money” and while he doesn’t want markets to go down, “sometimes you have to take medicine to fix something.” U.S. stock futures slid ahead of today’s trading, while drops in Asian and European stocks underscored fears of a global economic slowdown.

 

Seeking deals. Many countries are eschewing retaliation and hoping for tariff reductions: 

  • After Israel reduced its tariffs on U.S. goods to zero early last week, Israeli Prime Minister Benjamin Netanyahu traveled to Washington where he is expected to discuss tariffs with Trump today.
  • Vietnam’s leader, To Lam, spoke with Trump on Friday and has offered to remove all tariffs on U.S. imports.
  • India is willing to discuss its own policies on U.S. goods and services, an unnamed Indian official told reporters.

 

Striking back. Other economic powers took a harder line. China announced 34 percent reciprocal tariffs on the United States on Friday, and the European Union (EU) is studying new duties:

  • The European Commission is expected to propose a set of tariffs on U.S. goods to its member states today—though that will not correspond to Trump’s “Liberation Day” levies but rather to an earlier set of steel and aluminum tariffs. EU trade ministers are in Luxembourg today for talks.
  • Chinese state media said yesterday that Beijing would take “extraordinary” measures to try to boost domestic consumption.
 
 

“The risk of Trump's autarkic grand experiment—earnest as it may be—is not that it won't succeed, but that it will backfire...There are, of course, direct costs associated with the trade war, namely in the form of higher prices for imported goods, reduced productivity, slower growth—not to mention the impact on U.S. exports of likely retaliation…But a larger, geopolitical risk is now in play as well. We have created a common antagonist for the international system: the United States. The broader implications of that for the role of the United States in the world is something that we see pan out only over the long run.” 

—CFR President Michael Froman

 

CFR Launches New Climate Realism Initiative

Climate Realism Initiative

CFR is launching the Climate Realism Initiative, led by Senior Fellow for Energy and Climate Varun Sivaram, which will reimagine U.S. foreign policy to confront the threat of climate change, compete in the shifting global energy landscape, and build a pragmatic climate and energy agenda that advances American interests.

 
 

Across the Globe

India-Sri Lanka-UAE energy cooperation. India and the United Arab Emirates (UAE) agreed to jointly develop an energy hub including a multi-product pipeline in the eastern Sri Lankan city of Trincomalee. The three countries all signed a memorandum of understanding Saturday during Indian Prime Minister Narendra Modi’s visit to Colombo. The deal comes after a Chinese state firm committed to building a $3.2 billion refinery in Sri Lanka.


TikTok sale deadline extended. Via executive order, Trump pushed the cutoff for TikTok’s Chinese owner ByteDance to sell the app’s U.S. arm by seventy-five days. On Sunday, Trump said China had objected to the terms of the sale due to U.S. tariffs. He said that his administration hopes to close the deal, while ByteDance said there are “key matters” that need to be resolved. 


Algeria-France rapprochement. France’s foreign minister said relations with Algeria were “back to normal” following more than two hours of talks yesterday. Ties chilled last July after France endorsed an autonomy plan for the Western Sahara region under Moroccan sovereignty. Algeria’s government then reduced approvals for French grain purchases, traders said; the grain agency denied unfair treatment. 


Colombian rebels disarm. The armed group Commoners of the South handed weapons to the government in a step toward a peace and reintegration deal. The group of around 250 fighters split off from a larger group whose talks with the government were suspended. Colombian President Gustavo Petro has sought cease-fires and peace talks with multiple drug gangs and armed groups, but many have fallen apart.


U.S. pulls South Sudanese visas. Washington is canceling all visas from South Sudan passport holders after the country refused to accept deportees in a “timely manner,” U.S. Secretary of State Marco Rubio said Saturday. South Sudan’s government did not immediately respond. The country is run by a power-sharing government that has seen infighting in recent weeks, prompting warnings of a return to civil war.


New evidence on Gaza medics’ deaths. An unnamed Israeli military official told news organizations that Israel’s original account of the killings of fifteen Palestinian medics in Gaza last month was “mistaken.” Newly published video footage of the incident showed the medics’ vehicles were not advancing with lights and emergency signals off, as Israel first claimed. Israeli forces killed eight Red Crescent personnel, six Civil Defense workers, and a UN staffer. The unnamed Israeli official said Israeli forces believed at least six of the fifteen dead were Hamas operatives, but did not provide any evidence.


Potential DRC minerals deal. Washington is studying a critical minerals deal with the Democratic Republic of Congo (DRC) designed to encourage U.S. private investment in the country’s mining sector, an Africa advisor to Trump said. The deal would entail greater U.S. backing for the Congolese government, though the nature of that increased support is unclear, the Financial Times reported. The White House did not immediately comment.


Ruling on deportation to El Salvador. A U.S. federal judge ordered the Trump administration to secure the return of Kilmar Abrego Garcia from El Salvador by the end of today after the administration acknowledged his deportation had been an “administrative error.” A previous court order had blocked his removal from the United States. The administration appealed the judge’s order to return Abrego Garcia.

 
 

Five Things to Know About Trump’s Tariffs

President Donald Trump delivers remarks on the reciprocal tariff policy in the Rose Garden on April 2, 2025.

Carlos Barria/Reuters

The first shoe has dropped, but not the second. CFR expert James M. Lindsay discusses the initial economic shock of Trump’s latest tariffs and lays out several remaining questions for The Water’s Edge. 

 
 

The Day Ahead

  • French President Emmanuel Macron visits Egypt for a summit on Gaza.

  • Association of Southeast Asian Nations (ASEAN) finance ministers and central bank governors begin meeting in Malaysia.

  • Dubai hosts the Middle East Energy 2025 conference.
 
 

U.S.-Colombia Relations

Customs and Border Protection agents guide detained migrants aboard a U.S. aircraft at Fort Bliss, Texas.

Reuters

The war on drugs has both been a central theme and a point of tension in the relationship between Washington and Bogotá over the last few decades, CFR’s Diana Roy writes in this timeline.

 
 

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