Trade barriers are costly, but global recession unlikely: IMF chief
Thursday, 17 April 2025 () IMF head Kristalina Georgieva says a global recession is unlikely. This is despite trade tensions sparked by US tariffs. However, these trade disruptions will cost significantly. The IMF expects markdowns to global growth. Georgieva urges countries to adjust fiscal policy. She also wants central bank independence. China should boost domestic consumption. The US must address surging public debt.
Trade minister Sarah Jones welcomes positive signals from US Vice President JD Vance on a potential UK-US trade deal but refuses to comment on the state of negotiations. Talks continue amid global economic uncertainty following President Trump’s recent tariffs, which have rattled markets and raised...
The U.S.-China trade war has hit new highs as Trump’s tariff rate on Chinese imports surges to 145%, triggering fierce retaliation from Beijing. China’s Commerce Minister is seeking new markets in..
U.S. President Donald Trump ignites a fresh global firestorm by imposing a 125% tariff on Chinese goods, triggering strong backlash from Beijing and raising alarms across global markets. China’s..
As tensions escalate over US tariff hikes, China has called on India to unite in opposing Washington's "abusive" trade policies. Beijing urged New Delhi to embrace multilateralism and reject unilateral..
Thursday, 17 April 2025 ()
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