Andrea Shalal

Stories by Andrea Shalal

The war is expected to slow growth and further increase inflation, the IMF said in its latest World Economic Outlook, while warning that its forecast was marked by "unusually high uncertainty." | Reuters/Alexander Ermochenko photo
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IMF sees inflation higher for longer

WASHINGTON, April 19 (Reuters) – The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to slow growth and further increase inflation, the […] Read more
News

U.S. reaches ‘deal in principle’ with China on trade: source

WASHINGTON, (Reuters) – The White House has reached a “deal in principle” with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks. The White House was expected to make an announcement later on Thursday, the source said. “The written agreement is still being formulated, but they have […] Read more
United States President Donald Trump met with Chinese President Xi Jinping on Saturday, Dec. 1. The two reached a cease-fire agreement where they will hold off on raising tariffs for 90 days while they negotiate. | Twitter/@XHNews photo
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U.S., China more divided than ever as new trade talks loom

(Reuters) – Senior U.S. and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever. Since trade negotiations between the world’s largest economies broke down in May, both countries have added tariffs on billions of dollars of the others’ goods, broken good […] Read more
Markets, News

Trump vows new tariffs on China, says Xi moving too slow on trade

WASHINGTON, Aug 1 (Reuters) – President Donald Trump said on Thursday he would impose a 10 percent tariff on the remaining $300 billion of Chinese imports starting Sept. 1, after negotiators failed to make progress in U.S.-China trade talks, sending shockwaves through U.S. markets. The levies – which would hit a wide swath of consumer […] Read more

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