- U.S.-China trade tensions certain to dominate IMF, World Bank annual meetings
- Finance ministers, central bankers from more than 190 countries coming to Washington
- G7 to discuss sanctions on Russia, Ukraine aid options
Washington, D.C
Trump’s reignited trade war with China clouds IMF, World Bank meetings
WASHINGTON, Oct 13 (Reuters) – Finance chiefs gathering in Washington this week were ready to discuss the global economy’s surprising resilience in the face of Donald Trump’s tariff assaults – until the U.S.-China trade war erupted again with the U.S. president threatening 100% duties on Chinese imports and sending markets into a tailspin.
The annual meetings of the International Monetary Fund and World Bank are now certain to be dominated by questions over whether Trump’s vow to retaliate against China’s dramatically expanded export controls on rare earths will plunge the world’s two largest economies back into a full-blown trade war.
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A delicate truce crafted by Washington and Beijing over the past five months brought tariffs down from triple-digit levels and prompted upgrades to the IMF’s global growth outlook. Plans for Trump to meet with Chinese President Xi Jinping later this month fueled hopes for a further thaw.
But that optimism was shattered on Friday as Trump threatened to cancel the meeting and impose a “massive increase” in tariffs on Chinese goods, along with other countermeasures.
Souring the mood further was China’s move on Friday to match new U.S. port fees for Chinese-built or owned vessels with its own levies on port calls by ships built or flagged in the U.S. or owned by companies more than 25% owned by U.S.-domiciled investment funds.
The IMF and World Bank meetings will bring more than 10,000 people to Washington, including finance ministers and central bank governors from more than 190 countries.
Martin Muehleisen, a former IMF strategy chief who is now with the Atlantic Council, said Trump’s threats may be posturing for negotiating leverage, but said they will inject volatility into the week’s proceedings.
“Let’s hope that sanity prevails. If Trump goes back to 100% tariffs on Chinese goods, there’s going to be a lot of pain in the markets for him,” Muehleisen said.
Trump’s threat on Friday triggered the biggest U.S. stock sell-off in months at a time when investors and top policymakers were already growing anxious about a frothy stock market fueled by an investment boom in artificial intelligence that some officials fear could hurt future employment.
While China has some leverage over Trump due to its global dominance in rare earths, which are essential for tech manufacturing, Muehleisen said it is not in Beijing’s interest to plunge back into an environment of triple-digit tariffs.
It is unclear whether U.S. Treasury Secretary Scott Bessent, who has led U.S.-China trade talks, would meet with any Chinese officials this week in Washington. A Treasury spokesperson declined to comment on Bessent’s bilateral meetings schedule.
GROWTH FORECASTS HOLD UP
Prior to the escalation on Friday’s, IMF Managing Director Kristalina Georgieva had touted the global economy’s ability to withstand multiple shocks, from tariff costs and uncertainty to a slowing U.S. job market, rising debt levels and rapid shifts brought on by AI’s rapid adoption.
In a preview of the IMF’s World Economic Outlook forecasts due on Tuesday, Georgieva said last week that the global GDP growth rate for 2025 would be only slightly less than the 3.3% for 2024. Based on tariff rates that were lower than initially feared – including the U.S.-China duties – the IMF in July raised its 2025 GDP growth forecast by two-tenths of a percentage point to 3.0%.
“What we are seeing is demonstrable resilience in the world,” Georgieva told Reuters in an interview. “But we are also saying it is a time of exceptional uncertainty, and downside risks are still dominating the forecast. So watch it, don’t get too comfortable.”
G7 FOCUS ON RUSSIA
Finance ministers from the Group of Seven industrial democracies are expected to meet on Wednesday to discuss efforts to step up sanctions pressure on Russia that is aimed at ending Moscow’s war against Ukraine.
A British government source said that finance minister Rachel Reeves wanted to ensure joint action with G7 and European Union countries to cut Russia’s energy revenues and access to overseas assets that comply with international law.
Among these options that G7 ministers will discuss is a European Union plan to use Russian frozen sovereign assets to back a loan of 140 billion euros ($162 billion) to Ukraine.
BESSENT’S AGENDA FOR INSTITUTIONS
The U.S. footprint at the meetings will be large, extending from tariff discussions to Bessent’s calls for the IMF and World Bank to pull back from climate and gender issues to focus on their core missions of financial stability and development.
The meetings will be the public debut for Dan Katz, the IMF’s new No. 2 official. Member countries will be watching to see how Katz, a former investment banker who was Bessent’s chief of staff, carries out the U.S. Treasury chief’s agenda, which also calls for stronger IMF criticism of China’s state-led economic policies.
The U.S. Treasury’s market intervention on behalf of Argentina, the IMF’s largest borrower, also will take center stage at the meetings as Argentina’s right-wing libertarian President Javier Milei will join his ally Trump two blocks away at the White House on Tuesday. The move was welcomed by Georgieva to keep Argentina’s market-based reforms on track.
But Muehleisen, the former IMF official, said the Fund risks being pushed by its largest shareholder to enforce Trump’s geopolitical goals – ratcheting up pressure on China and potentially extending more aid to U.S. allies like Argentina without adequate reforms.
“Is it really still a global, multilateral organization, or is it becoming a bit more of an appendage of the U.S. Treasury?” he said. “This will be an interesting debate.”
Reporting by David Lawder; Additional reporting by Andrea Shalal and David Milliken; Editing by Dan Burns and Paul Simao
Our Standards: The Thomson Reuters Trust Principles.
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Washington, D.C
Supporters press for a DC memorial to Thomas Paine, whose writings helped fuel the Revolutionary War – WTOP News
NEW YORK (AP) — Some 250 years after “Common Sense” helped inspire the 13 colonies to declare independence, Thomas Paine…
NEW YORK (AP) — Some 250 years after “Common Sense” helped inspire the 13 colonies to declare independence, Thomas Paine might receive a long-anticipated tribute from his adopted country.
A Paine memorial in Washington, D.C., authorized by a 2022 law, awaits approval from the U.S. Department of Interior. It would be the first landmark in the nation’s capital to be dedicated to one of the American Revolution’s most stirring, popular and quotable advocates — who also was one of the most intensely debated men of his time.
“He was a critical and singular voice,” said U.S. Rep. Jamie Raskin, D-Md., a sponsor of the bill that backed the memorial. He said Paine has long been “underrecognized and overlooked.”
Saturday marks the 250th anniversary of the publication of Paine’s “Common Sense,” among the first major milestones of a yearlong commemoration of the country’s founding and the signing of the Declaration of Independence in 1776.
Paine supporters have waited decades for a memorial in the District of Columbia, and success is still not ensured: Federal memorials are initiated by Congress but usually built through private donations. In 1992, President George H.W. Bush signed bipartisan legislation for such a memorial, but the project was delayed, failed to attract adequate funding and was essentially forgotten by the mid-2000s.
The fate of the current legislation depends not just on financial support, but on President Donald Trump’s interior secretary, Doug Burgum.
In September 2024, the memorial was recommended by the National Capital Memorial Advisory Commission for placement on the National Mall. Burgum needs to endorse the plan, which would be sent back to Congress for final enactment. If approved, the memorial would have a 2030 deadline for completion.
A spokesperson for the department declined comment when asked about the timing for a decision.
“We are staying optimistic because we feel that Thomas Paine is such an important figure in the founding of the United States of America,” said Margaret Downey, president of the Thomas Paine Memorial Association, which has a mission to establish a memorial in Washington.
A contentious legacy
Scholars note that well into the 20th century, federal honors for Paine would have been nearly impossible. While Paine first made his name through “Common Sense,” the latter part of his life was defined by another pamphlet, “The Age of Reason.”
Published in installments starting in 1794, it was a fierce attack against organized religion. Paine believed in God and a divinely created universe but accepted no single faith. He scorned what he described as the Bible’s “paltry stories” and said Christianity was “too absurd for belief, too impossible to convince, and too inconsistent for practice.”
By the time of his death, in New York in 1809, he was estranged from friends and many of the surviving founders; only a handful of mourners attended his funeral. He has since been championed by everyone from labor leaders and communists to Thomas Edison, but presidents before Franklin Roosevelt in the 1930s rarely quoted him. Theodore Roosevelt referred to him as a “filthy little atheist.”
There are Paine landmarks around the country, including a monument and museum in New Rochelle, New York, and statue in Morristown, New Jersey. But other communities have resisted. In 1955, Mayor Walter H. Reynolds of Providence, Rhode Island, rejected a proposed Paine statue, saying “he was and remains so controversial a character.”
Harvey J. Kaye, author of “Thomas Paine and the Promise of America,” cites the election of Ronald Reagan as president in 1980 as a surprising turning point. Reagan’s victory was widely seen as a triumph for the modern conservative movement, but Reagan alarmed some Republicans and pleased Paine admirers during his acceptance speech at the Republican National Convention when he quoted Paine’s famous call to action: “We have it in our power to begin the world over again.”
Reagan helped make Paine palatable to both parties, Kaye said. When Congress approved a memorial in 1992, supporters ranged from a liberal giant, Democratic Sen. Ted Kennedy of Massachusetts, to a right-wing hero, Republican Sen. Jesse Helms of North Carolina.
“Reagan opened the door,” Kaye said.
An immigrant who stoked the fire of revolution
Paine’s story is very much American. He was a self-educated immigrant from Britain who departed for the colonies with little money but with hopes for a better life.
He was born Thomas Pain in Thetford in 1737, some 90 miles outside of London (he added the “e” to his last name after arriving in America). Paine was on the move for much of his early life. He spent just a few years in school before leaving at age 13 to work as an apprentice for his father, a corset maker. He would change jobs often, from teaching at a private academy to working as a government excise officer to running a tobacco shop.
By the time he sailed to the New World in 1774, he was struggling with debt, had been married twice and had failed or made himself unwelcome in virtually every profession he entered. But Paine also had absorbed enough of London’s intellectual life to form radical ideas about government and religion and to meet Benjamin Franklin, who provided him a letter of introduction that helped him find work in Philadelphia as a contributor to The Pennsylvania Magazine.
The Revolutionary War began in April 1775 and pamphlets helped frame the arguments, much as social media posts do today. The Philadelphia-based statesman and physician Benjamin Rush was impressed enough with Paine to suggest that he put forth his own thoughts. Paine had wanted to call his pamphlet “Plain Truth,” but agreed to Rush’s idea: “Common Sense.”
Paine’s brief tract was credited to “an Englishman” and released on Jan. 10, 1776. Later expanded to 47 pages, it was a popular sensation. Historians differ over how many copies were sold, but “Common Sense” was widely shared, talked about and read aloud.
Paine’s urgent, accessible prose was credited for helping to shift public opinion from simply opposing British aggression to calling for a full break. His vision was radical, even compared to some of his fellow revolutionaries. In taking on the British and King George III, he did not just attack the actions of an individual king, but the very idea of hereditary rule and monarchy. He denounced both as “evil” and “exceedingly ridiculous.”
“Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived,” he stated.
A message that continues to resonate
Historian Eric Foner would write that Paine’s appeal lasted through “his impatience with the past, his critical stance toward existing institutions, his belief that men can shape their own destiny.” But “Common Sense” was despised by British loyalists and challenged by some American leaders.
John Adams would refer to Paine as a “star of disaster,” while Franklin worried about his “rude way of writing.” Meanwhile, George Washington valued “Common Sense” for its “sound doctrine” and ”unanswerable reasoning,” and Thomas Jefferson, soon to be the principal author of the Declaration of Independence, befriended Paine and later invited him to the White House when he was president.
Paine’s message continues to be invoked by those on both sides of the political divide.
In his 2025 year-end report on the federal judiciary, Supreme Court Chief Justice John Roberts began by citing the anniversary of “Common Sense” and praising Paine for “shunning legalese” as he articulated that “government’s purpose is to serve the people.” Last year, passages from “Common Sense” appeared often during the nationwide “No Kings” rallies against Trump’s policies.
One demonstrator’s sign in Boston said, “No King! No Tyranny! It’s Common Sense.”
Copyright
© 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
Washington, D.C
DC native killed in multivehicle crash remembered for his love of photography – WTOP News
Aaron Marckell Williams, 26, was killed after being struck in a multivehicle crash following a high-speed chase in Northwest D.C. on Wednesday afternoon. A 20-year-old man was arrested and charged with first-degree murder.
While working Election Day in 2022, Sam Plo Kwia Collins Jr. drove alongside Aaron Marckell Williams to cover the evening results for the Washington Informer. As it became clear that Kenyan McDuffie would win his bid for an at-large seat on the D.C. Council, the duo rushed over to McDuffie’s victory party.
As soon as Collins Jr. parked his car, Williams “got to the front and took a very iconic photo” of McDuffie pointing at the crowd during his victory speech.
Over three years later, Collins Jr. saw the photo again on the Informer’s website and began thinking about his former colleague.
“Only to find out a couple of days later that he left us,” Collins Jr. told WTOP.
Williams, 26, was killed after being struck in a multivehicle crash following a high-speed chase in Northwest D.C. on Wednesday afternoon. A 20-year-old man was arrested and charged with first-degree murder.
To those who know him, Williams, a D.C. native, was known for his chill personality and love of photography. His Instagram page is filled with event coverage featuring hip-hop artist Pharrell Williams and former President Barack Obama.
The pair met after Williams returned to the District after graduating from the University of Miami.
His love of photography shined as they covered news events.
During downtime, Williams was very personable, Collins said, and willing to share about his background growing up in D.C. and attending a boarding school before going to Miami. While his laid-back approach may have confused some, he was not lazy, Collins said, calling his photos “quality work.”
“He just made it look very effortless, and that just spoke to his personality,” Collins said.
Williams recently chose to take a break from the Informer to focus on freelance work.
Washington Informer Managing Editor Micha Green told NBC Washington he was traveling multiple countries, including Ghana, to continue working as an “amazing visual storyteller.”
“We are heartbroken over the loss of Marckell Williams — a talented photographer, storyteller, and beautiful soul who was once part of the Washington Informer family,” the outlet wrote in a statement posted on X. “His passion for capturing people, culture, and truth will never be forgotten.”
The last time Collins recalls seeing his former coworker, Williams was taking photos at a go-go event on Marion Barry Avenue. Even though he was focused on his craft, Williams stopped for a moment to talk with his former reporting partner. The love shown at that moment, Collins said, spoke about the person Williams was.
“Being laid back in a city like this, where it gets more expensive and there’s just so much going on, that’s a feat in itself,” Collins said. “He had that spirit. He was just too good for us.”
Washington, D.C
Bruno Mars tour 2026 coming to DC region
LANDOVER, Md. – Bruno Mars is bringing The Romantic Tour to the Washington, D.C. region this spring!
The Grammy-winning star will stop at Northwest Stadium on Saturday, May 2, 2026.
The stadium’s website lets fans sign up for presale access now. Tickets go on sale Thursday, January 15 at 12 p.m.
LOS ANGELES, CALIFORNIA – FEBRUARY 02: Bruno Mars performs onstage during the 67th Annual GRAMMY Awards at Crypto.com Arena on February 02, 2025 in Los Angeles, California. (Photo by Kevin Winter/Getty Images for The Recording Academy)
Bruno Mars – The Romantic Tour 2026 DatesApril – October 2026
Apr 10, 2026 – Allegiant Stadium, Las Vegas, NV
Apr 14, 2026 – State Farm Stadium, Glendale, AZ
Apr 18, 2026 – Globe Life Field, Arlington, TX
Apr 22, 2026 – NRG Stadium, Houston, TX
Apr 25, 2026 – Bobby Dodd Stadium at Hyundai Field, Atlanta, GA
Apr 29, 2026 – Bank of America Stadium, Charlotte, NC
May 02, 2026 – Northwest Stadium, Landover, MD
May 06, 2026 – Nissan Stadium, Nashville, TN
May 09, 2026 – Ford Field, Detroit, MI
May 13, 2026 – U.S. Bank Stadium, Minneapolis, MN
May 16, 2026 – Soldier Field Stadium, Chicago, IL
May 20, 2026 – Ohio Stadium, Columbus, OH
May 23, 2026 – Rogers Stadium, Toronto, ON
May 24, 2026 – Rogers Stadium, Toronto, ON
Jun 20, 2026 – Stade de France, Paris, FR
Jun 21, 2026 – Stade de France, Paris, FR
Jun 26, 2026 – Olympiastadion, Berlin, DE
Jul 04, 2026 – Johan Cruijff ArenA, Amsterdam, NL
Jul 05, 2026 – Johan Cruijff ArenA, Amsterdam, NL
Jul 10, 2026 – Riyadh Air Metropolitano, Madrid, ES
Jul 14, 2026 – Stadio San Siro, Milan, IT
Jul 18, 2026 – Wembley Stadium Connected by EE, London, UK
Jul 19, 2026 – Wembley Stadium Connected by EE, London, UK
Aug 21, 2026 – Metlife Stadium, East Rutherford, NJ
Aug 22, 2026 – Metlife Stadium, East Rutherford, NJ
Aug 29, 2026 – Acrisure Stadium, Pittsburgh, PA
Sep 01, 2026 – Lincoln Financial Field, Philadelphia, PA
Sep 05, 2026 – Gillette Stadium, Foxborough, MA
Sep 09, 2026 – Lucas Oil Stadium, Indianapolis, IN
Sep 12, 2026 – Raymond James Stadium, Tampa, FL
Sep 16, 2026 – Caesars Superdome, New Orleans, LA
Sep 19, 2026 – Hard Rock Stadium, Miami, FL
Sep 23, 2026 – Alamodome, San Antonio, TX
Sep 26, 2026 – Falcon Stadium, United States Air Force Academy, CO
Oct 02, 2026 – SoFi Stadium, Los Angeles, CA
Oct 03, 2026 – SoFi Stadium, Los Angeles, CA
Oct 10, 2026 – Levi’s Stadium, Santa Clara, CA
Oct 14, 2026 – BC Place, Vancouver, BC
More information on the tour can be found online.
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