Global Markets on Edge: A New Chapter in the US-China Trade War?

Finance leaders attending the IMF and World Bank meetings in Washington face renewed tensions as President Trump threatens tariffs against China, risking a full-blown trade conflict. The gathering highlights President Trump's posturing and the potential geopolitical risks affecting global economic stability and growth forecasts.

Finance chiefs converged in Washington to engage in discussions about the global economy's resilience. However, the focus shifted as President Trump reignited tensions with China, threatening to impose 100% tariffs on Chinese imports. This shift places global markets on tenterhooks, raising questions about future trade relations.

The International Monetary Fund (IMF) and World Bank meetings, hosting over 10,000 delegates from nearly 200 nations, are now overshadowed by fears of a deepening trade war. The deteriorating relations between the U.S. and China bring uncertainty, particularly with Trump's threats expected to lead to market instability.

Treasury Secretary Scott Bessent's participation remains ambiguous amid these tensions, and IMF forecasts reflect disquiet over global growth. Meanwhile, the G7 plans to increase sanctions on Russia. The global economic landscape remains fraught with challenges, with significant geopolitical implications.

(With inputs from agencies.)