Global shock from Trump’s tariffs is about to be felt this week

Global shock from Trump’s tariffs is about to be felt this week

Three weeks after President Donald Trump’s opening shots of a worldwide trade war, the first hard numbers on the damage are arriving. On Tuesday, the International Monetary Fund is expected to cut its global growth outlook. “Our new growth projections will include notable markdowns, but not...

A few blocks from the White House, the IMF is preparing to reduce its economic growth prospects in new projections released on Tuesday

The trade war between the United States and China has ceased to be a distant threat to become a palpable reality that shakes the foundations of international trade. Donald Trump’s new waves of tariffs have disrupted the day-to-day lives of thousands of companies and families, both in Asia and in America, altering trade relations that have been consolidated for decades with fluidity and confidence. Yiwu, the world’s epicenter of wholesale trade a…

The furniture and clothing trade in the Asian giant is the most affected by this commercial pulse.