Global economy at a crossroads: Trade tariffs could impact future growth

This abrupt shift has created what the IMF terms “epistemic uncertainty” – a fundamental unpredictability about the rules governing global trade. 
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U.S. economy forecast raised to 0.5 percent this year, 1.6 percent in 2026

The bank noted that the U.S. eonomy showed resilience as recession fears subsided 
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China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan

China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan. 
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China keeps hold on rare earth metals after lifting some U.S. export curbs

China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached with the Trump administration over the weekend in Switzerland. 
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The ‘pause’ in the China trade war is still feeding uncertainty, delays and high prices

When the Trump administration slapped 145% tariffs on China, the shipping and logistics industries slowed to a trickle. 
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Japan's economy shrinks more than expected as US tariff hit looms

Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from US President Donald Trump's trade policies. 
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VAT cut proposal aims to stimulate domestic consumption and spur 8% growth

Domestic consumption is considered one of the key drivers of economic growth. To achieve the 2025 economic growth target of over 8%, boosting consumer demand, particularly through the continued 2% cut in value-added tax (VAT), is seen as a crucial solution. 
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