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The International Monetary Fund (IMF) has issued a formal warning about the serious impact of high-rate US tariff policies on the global economy. In its latest World Economic Outlook (WEO) report released in April 2025, the IMF has downgraded its global economic growth forecast for 2025 from 3.3% to 2.8%, a reduction of 0.5 percentage points. This represents the lowest growth rate since the COVID-19 pandemic. Global Economic Growth Forecasts Revised Downward The IMF's revised growth forecasts for major economies are as follows: United States : Reduced from 2.7% to 1.8%, a drop of 0.9 percentage points China : Reduced from 4.5% to 4.0%, a drop of 0.5 percentage points Eurozone : Reduced from 1.0% to 0.8%, a drop of 0.2 percentage points United Kingdom : Reduced from 1.6% to 1.1%, a drop of 0.5 percentage points Japan : Reduced from 0.9% to 0.6%, a drop of 0.3 percentage points Mexico : Dramatically reduced from 1.4% to -0.3%, a drop of 1.7 percentage points The IMF forec...

In a significant shift to his recently announced tariff policy, President Donald Trump has decided to grant a 90-day reprieve to 75 countries while escalating measures against China. This strategic pivot comes just one week after his "Liberation Day" speech on April 2, 2025, where he initially announced a blanket 10% tariff on all imports and additional "reciprocal" tariffs on about 60 countries. Key Policy Changes President Trump's April 9 announcement includes: A 90-day suspension of reciprocal tariffs for 75 countries that have requested negotiations with the United States Reduction of base tariffs to 10% for these countries during the negotiation period A dramatic increase in tariffs on Chinese goods to 125%, up from the previously announced rates The White House stated that this decision was made after these 75 nations expressed their willingness to negotiate without imposing retaliatory tariffs against American products. Tough Stance on China In...