US, global economic outlook worsens in the face of Trump's tariffs, IMF says

Dozen states sue Trump in bid to block new tariffs

The lawsuit in the U.S. Court of International Trade argues that Trump cannot use the International Emergency Economic Powers Act to impose tariffs.

IMF says global public debt could rise to 117% of GDP in two years

"The series of recent tariff announcements by the United States, and countermeasures by other countries have increased financial market volatility, weakened growth prospects, and increased risks," the report said

IMF revises region's growth downwards amid US tariff war

The International Monetary Fund's (IMF) April 2025 Global Economic Outlook, released Tuesday in Washington, revised global and regional economic forecasts downward due to the US-initiated trade war and associated uncertainties.

Tariffs 'hurt multilateral trade and world economic order,' says China

President Xi Jinping has criticized tariffs. He said that tariffs undermine the global economic order. This statement comes amid tensions between China and the United States. Earlier, Donald Trump imposed tariffs on Chinese imports. China retaliated with duties on American goods. China opposes deals at its expense. Foreign Minister Wang Yi urged the UK and EU to defend multilateral trade.

Business sentiment for May pessimistic over int'l trade risks, poll shows

Korea's business sentiment remains pessimistic for May, a poll showed Wednesday, amid growing risks associated with global trade. The business survey index (BSI) of the country's top 600 companies by...

Newspaper headlines: Putin's 'peace plan' and tariffs 'shock'

The latest twist in Ukraine talks features on many front pages as well as the IMF's verdict on Trump's tariffs