Overview

• China’s new export controls on critical minerals drew a threat from President Donald Trump to impose 100% tariffs, shaking investor sentiment as the meetings begin in Washington.
• Washington is pressing the Bretton Woods institutions to prioritize core financial stability and address global imbalances, as IMF analysis spotlights surplus economies’ policies and their costs for deficit countries.
• The US Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the market to bolster the country’s finances, with further talks set on the sidelines.
• Syria’s new government plans its first US visit since Assad’s fall for discussions around reengagement, after the US Senate voted to repeal the Caesar Act sanctions law.
• An IMF-hosted session on Ukraine will review ongoing financing needs and reconstruction efforts as G7 and G20 meetings convene alongside the main program.