United States
Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added
Georgieva stated the IMF will assess tariffs during meetings from April 21-26
China also announced controls on exports of medium and heavy rare-earths to the U.S., effective April 4
Imports held steady at $401.1 billion in February after a sharp increase in the prior month
Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.
Retaliation, a slide in U.S. business sentiment and supply chain disruptions could magnify the impact of tax hike
The report emphasized the need for global AI governance, with 118 countries absent from discussions
The May hike is the next increment of the plan to gradually unwind the most recent output cut of 2.2 million bpd
The published list features roughly 8,000 items that could be affected by future retaliatory duties
