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3h ago

IMF, World Bank Meetings Open Under Fresh US–China Trade Strain

Trade escalation sets a tense backdrop likely to sway growth forecasts, policy priorities, markets.

GLOBAL ECONOMIC EDGE
IMF Managing Director Kristalina Georgieva has said the global economy has been performing better than feared despite US President Donald Trump's tariffs
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Overview

  • China’s new export controls on critical minerals prompted President Donald Trump to threaten 100% tariffs on Chinese goods.
  • The tariff threat arrived after U.S. markets closed on Friday and triggered a sharp after-hours sell-off.
  • The IMF is unveiling its economic, fiscal, and financial stability assessments, with Kristalina Georgieva expecting global growth to slow only slightly.
  • The World Bank’s program centers on job creation, with Ajay Banga leading events to boost labor market participation.
  • G7 finance ministers plan to discuss tighter sanctions on Russia and potential use of frozen Russian assets for Ukraine, while U.S. officials push the IMF and World Bank to focus on core mandates.