COLOMBO (News 1st); An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025.In a statement, the IMF said that the staff team had very productive discussions with the Sri Lankan authorities on economic performance and policies underpinning the Fourt...

U.S. President Donald Trump turned up the heat on China on Thursday (10), raising the total levy on imports from the country to 145 per cent, according to a CNBC report, citing the White House.The S&P 500 was down five per cent in midday trading, slicing into Wednesday's (9) surge of 9.5 per cen...

China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on U.S. imports to more than 80%.China’s Office of the Tariff Commission of the State Council said that tariffs on U.S. goods will rise to 84% from 34% starting on April 10, according to a translat...

(CNN) Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in.His administration piled on heaps of new “reciprocal” tariffs Wednesday (9) on dozens of American allie...

(NPR) China said on Tuesday (8) that it will not back down in the face of President Trump's fresh threat to impose an additional 50% tariff on Chinese imports, as the trade war between the world's top two economies looked set to worsen.Trump said on Truth Social he would impose the new tariffs on Ch...