World Trade Organization

IMF Chief: Clouds over Global Economy are 'Getting Darker by the Day'

Escalating trade tensions are posing an increasing threat to the global economy, the head of the International Monetary Fund has warned.

"The clouds on the horizon ... are getting darker by the day," IMF Managing Director Christine Lagarde said at a news conference in Berlin on Monday.

Japan Introduces Duties in Response to the United States New Fees

Japan plans to introduce  409 million$ US export duty. This is in a response to US duties on imports of steel and aluminum, reports Reuters.

The Asian country is a key ally of the United States, but despite of that it has not been exempted from the new fees, unlike other partners. So far, the state has not responded with reciprocal threats.