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Tag: executive trade powers
USTR Signals First Wave of New Trade Pacts Could Land Within Weeks
In a move that signals a significant shift in American trade diplomacy, U.S. Trade Representative (USTR) Jamieson Greer confirmed on April 30, 2025, that a series of limited trade agreements could be finalized within weeks—deals spanning nations like the United Kingdom, Saudi Arabia, the Philippines, and others. Yet conspicuously missing from these negotiations is China, the United States’ largest bilateral trading partner for most of the last two decades. Greer acknowledged that no formal trade discussions are currently underway with Beijing.
Unleashing the Most Disruptive Trade Shift: How U.S. Tariffs Triggered the Worst IMF Forecast Revision in Years
In April 2025, the International Monetary Fund (IMF) significantly downgraded its forecast for U.S. economic growth, projecting a slowdown to 1.8% for the year, a notable decrease from the previous estimate of 2.7%. This revision is largely attributed to escalating trade tensions following the implementation of tariffs by the U.S. administration. The IMF also raised its U.S. inflation forecast to approximately 3%, about a one-percentage-point increase from earlier projections. (Investopedia)
Trump Unleashes the Most Disruptive Tariff Shock of the Decade: IMF Sounds Global Economic Alarm
On April 22, 2025, the International Monetary Fund (IMF) issued a grim warning that sent ripples through financial markets and global policymaking communities: the sweeping tariff increases initiated by former U.S. President Donald Trump had unleashed what it termed a "major negative shock" to the global economy. This dramatic development, paired with downgraded growth forecasts for nearly every major economy—including the United States, United Kingdom, and numerous developing countries—ushers in a critical juncture in trade policy, international economic law, and global governance.