Trump tariffs to knock growth but won't cause global recession, says IMF
Thursday, 17 April 2025 The ripping up of the trade rule book caused by President Trump's tariffs will slow economic growth in some countries, but not cause a global recession, the International Monetary Fund (IMF) has said.
Are Trump’s tariffs a bold move to revive America’s economy or a step towards economic chaos? In this insightful episode of The Jeremy Ryan Slate Show, we take a critical examination of Trump’s tariff strategy, dissecting its impact on American manufacturing, sovereignty, and the global...
Tensions escalate as reports suggest China may intervene in the U.S.-Venezuela conflict, deploying J-10C fighter jets after a Venezuelan vessel was struck. The move raises fears of a wider confrontation, potentially pitting Chinese forces against U.S. President Donald Trump’s military in the region.
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Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
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