Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Tag: United States Economy
Global Growth Expected to Sputter Amid Trade War Fallout Fears
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
Europeans Show Less Stock Market Panic as Tariffs Cause Turmoil
Europeans tend to keep more of their money in cash, gaining some protection from the recent market volatility. But President Trump’s tariffs will have an effect, experts said.
When Elected Leaders Pursue Risky Policies, What Can Stop Them?
President Trump issued a partial, temporary reprieve on tariffs that had sent the stock market tumbling. He did so only after U.S. government bonds showed signs of distress.
Bond Market is Upended by Trump’s Tariffs
In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
In U.S.- China Tariffs Standoff, Trump Showed Xi He Has Limits
Xi Jinping, who rules with absolute authority, has shown he is willing to let the Chinese people endure hardship. President Trump revealed he has limits.
Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.
Why Did Trump Impose Tariffs, and What’s Next? Everything to Know.
The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.