Donald Trump’s tariffs to hit less than expected! IMF raises global growth forecast to 3% for 2025; India, US, China see upgrades
Tuesday, 29 July 2025 () The IMF has revised its global growth forecast upward for 2025 and 2026, anticipating a boost from early stockpiling ahead of US tariffs and a weaker dollar. While the US, China, and India are expected to see growth, global inflation is projected to ease, though the US may remain above target.
President Donald Trump has announced sweeping new tariffs on U.S. imports from over 90 countries, with rates soaring as high as 41%. Citing emergency powers and national security concerns, Trump’s executive order targets goods ranging from coffee and textiles to steel and electronics. Major trade...
Russian Foreign Minister Sergey Lavrov, alongside India’s S. Jaishankar, accused the U.S. of weaponizing the dollar and using sanctions as “economic colonialism.” Lavrov warned that even allies..
Russia launched a deadly overnight strike on U.S.-owned Flex Ltd in Ukraine, using drones, cruise missiles, and Kinzhal hypersonic weapons. The attack, which left at least 15 people injured, coincided..
Russian Foreign Minister Sergey Lavrov strongly criticized U.S. pressure on India over its oil trade with Moscow, backing New Delhi’s stance during high-level talks with S. Jaishankar. Hours after..
Tuesday, 29 July 2025 ()
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