The EU also fined Meta 200 million euros over its "pay or consent" system after it violated rules on the use of personal data on Facebook and Instagram.

The fierce trade war between the world's top two economies has rattled markets and raised fears of a global recession.

Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145 percent, adding that he would set the terms of a deal if Beijing did not enter talks

Georgieva said they wanted the IMF to provide more technical assistance to countries grappling with high debt levels.

He said a large portion of these new resources could be used to provide loans to help governments rapidly address actual or anticipated budget gaps and shore up health-care networks, water and sanitation systems, or other critical public systems impacted by foreign aid cuts.

Trump's recent outbursts against Fed chair Jerome Powell had fanned concern that he would oust him, sending jitters through markets.

Worldwide economic output will slow in the months ahead as US President Donald Trump's steep tariffs on virtually all trading partners begin to bite

The IMF projected Bangladesh’s GDP growth at 3.76% for FY25

Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted.

With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the US president will try to remove the country's top banker that many fear could hammer already fragile market confidence.

The tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified

A flood of Chinese steel in recent years has pushed some Indian mills to scale down operations and mull job cuts

Held meeting with officials of foreign companies, introduced dedicated emergency contact line

As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500 as of April 5.

The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.

Beijing "will take countermeasures in a resolute and reciprocal manner" if any country sought such deals, a ministry spokesperson said

The fresh gas price hike has become a major challenge for local industries at a time when they are at risk of experiencing a fall in exports to the US due to the new Trump tariffs, a trade expert said today.

The trade war has all but frozen the mammoth trade between the world's two largest economies with tariffs over 100% in each direction and a suite of trade, investment and cultural restrictions.

Silicon Valley semiconductor star Nvidia and its US rival Advanced Micro Devices (AMD) expect big financial hits from new US licensing requirements for semiconductors exported to China, they notified regulators this week.

The American and European aerospace giants have grappled with higher expenses for primary materials such as titanium, components and energy, as well as overall labor cost pressures.