India  

UK economy will be among hardest hit by global trade war, IMF warns

Sky News Tuesday, 22 April 2025
UK economy will be among hardest hit by global trade war, IMF warnsBritain's economy will be among the hardest hit by the global trade war and inflation is set to climb, the International Monetary Fund (IMF) has warned – as it slashed its UK growth forecast by a third.
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 newsR Knowledge: Other News Mentions

International Monetary Fund International Monetary Fund International financial institution

Trump Vs BRICS: Trump Declares Economic WAR On BRICS Allies, Warns 10% Tariffs On ‘Anti-U.S Bloc’ [Video]

Trump Vs BRICS: Trump Declares Economic WAR On BRICS Allies, Warns 10% Tariffs On ‘Anti-U.S Bloc’

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. #BRICS #DonaldTrump #USTariff #BreakingNews #WorldNews #Geopolitics #TradeWar #OneindiaNews #USDollar #Dedollarization Also Read Trump Calls Musk’s America Party Plan ‘Ridiculous’ And ‘Unworkable’ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc There Should Be No Hesitation In Imposing Sanctions Against Terrorists: PM Modi At BRICS :: https://www.oneindia.com/international/there-should-be-no-hesitation-in-imposing-sanctions-against-terrorists-pm-modi-at-brics-7793415.html?ref=DMDesc America Will Be Richer, Safer, and Prouder: Trump As Big, Beautiful Bill Passes Congress :: https://www.oneindia.com/international/trump-s-big-beautiful-bill-passes-congress-in-big-win-for-us-president-011-7790919.html?ref=DMDesc ~ED.103~HT.408~GR.125~

Credit: Oneindia    Duration: 03:10Published

Related videos from verified sources

Tariff War: Scott Bessent REVEALS U.S’S SURPRISING Trade Moves Ahead | U.S.-Asia Trade | Trump [Video]

Tariff War: Scott Bessent REVEALS U.S’S SURPRISING Trade Moves Ahead | U.S.-Asia Trade | Trump

Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent..

Credit: Oneindia     Duration: 03:28Published
“DEAL WITH CHINA A MATTER OF WEEKS” Trump Hints At Tariff Rollback | Exposes Xi's Call To Him [Video]

“DEAL WITH CHINA A MATTER OF WEEKS” Trump Hints At Tariff Rollback | Exposes Xi's Call To Him

President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident..

Credit: Oneindia     Duration: 03:15Published
China Calls Americans ‘Peasants’ As Trade War Erupts | Trump's Hong Kong Gambit Sparks Outrage [Video]

China Calls Americans ‘Peasants’ As Trade War Erupts | Trump's Hong Kong Gambit Sparks Outrage

A top Chinese official has blasted President Trump’s Hong Kong tariffs, calling them “arrogant and shameless.” Xia Baolong, director of the Hong Kong and Macau Affairs Office, further mocked the..

Credit: Oneindia     Duration: 03:24Published

Related news from verified sources

Amid trade tension, IMF reduces growth forecast

The IMF has expressed concerns about the negative effects of trade tensions on the global economy, revising its growth forecast downward to 2.8%. India's growth...
IndiaTimes

US-China trade war: Why Xi Jinping is 'ghosting' Donald Trump

China refuted President Trump's claim of recent tariff talks with Xi Jinping, escalating trade war tensions. This denial raises concerns about the global economy...
IndiaTimes

Goldman Sachs upgrades US recession risk to 45% amid escalating trade war tensions

Goldman Sachs has increased the probability of a US recession to 45% due to concerns over President Trump's proposed tariffs and their potential disruption to...
IndiaTimes