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Trump’s reignited trade war with China clouds IMF, World Bank meetings

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Trump’s reignited trade war with China clouds IMF, World Bank meetings


  • 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, 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.

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“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.”

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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.

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“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

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Washington, D.C

Weekend weather in the DC Area: A little bit of everything

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Weekend weather in the DC Area: A little bit of everything


If you’ve got plans around D.C., Maryland, or Northern Virginia this weekend, you’ll want to stay flexible.

The forecast brings a mix of warm temperatures, sunshine, and a few rounds of showers and storms—especially Saturday and late Sunday.

Here’s a simple, hour-by-hour style breakdown so you can plan ahead.

Saturday: Warm Front, Clouds, and Spotty Storms

Morning (6 AM – 12 PM)

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Mostly cloudy to start

A few early showers possible, especially toward the MD/PA border

Temperatures climbing through the 60s into the low 70s

What’s happening: A warm front is lifting north, bringing in milder air.

Afternoon (12 PM – 5 PM)

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Highs reach the mid-70s

Clouds may break at times

Scattered showers and thunderstorms develop

Saturday PM Forecast
Saturday highs

Storm window: 2 PM – 7 PM

About a 50% chance of rain

Severe risk is low, but not zero

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Possible:

Brief heavy downpours

Gusty winds

Maybe even small hail in isolated spots

Good news: Not everyone sees rain—but keep an eye on the sky.

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Evening & Night (After 7 PM)

Storm chances linger early, then fade

Skies turn partly cloudy overnight

Lows drop to the mid-50s

Winds become light

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Most of the night should be quiet and comfortable.

Sunday: The Pick of the Weekend

Morning

Dry and pleasant

A mix of sun and clouds early

Afternoon

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Sunny and warmer

Highs in the low 80s

Light southwest breeze

This is your best outdoor day—great for parks, brunch, or yard work.

Sunday PM Forecast
Sunday highs

Sunday Night (After Midnight)

Clouds increase

Showers likely after midnight (70% chance)

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Lows in the mid-50s

Winds shift from the north

Rain becomes more steady and widespread overnight

Looking Ahead (Late Sunday into Monday)

A cold front approaches from the northwest

Best chance for rain: Sunday night → Monday morning

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Rainfall totals:

Generally 0.10″ to 0.25″

Locally higher in spots

Storms are possible, but:

Limited instability

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Severe weather risk remains low

Weekend Planning Tips

Saturday:

Keep plans flexible—have a backup indoor option in the afternoon

Sunday:

Get outside early—it’s the best weather window

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Sunday night:

Expect rain if you’re out late or traveling

The Big Picture

This weekend is part of a warming trend, with temperatures climbing from the 70s into the 80s. But with that warmth comes multiple chances for showers and storms, especially as weather fronts move through the region.

This weekend compared too next

This weekend compared too next



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Washington, D.C

Mom finds out daughter with autism was sexually abused at DC school week after it happened

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Mom finds out daughter with autism was sexually abused at DC school week after it happened


CONTENT WARNING: This story contains content that may be uncomfortable to some readers. Discretion is advised.

WASHINGTON (7News) — A mother said she learned her 13-year-old daughter was sexually abused in a D.C. school when a detective contacted her a week after it happened. She said the school never notified her.

7News sat down with the mother on Friday, while her daughter was being evaluated and interviewed by detectives. We’re not sharing the mom’s identity to protect her daughter.

ALSO READ | Virginia health officials monitor cruise ship passengers for deadly hantavirus symptoms

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The mom said she got a call Sunday night, “regarding my daughter and a sexual assault that happened at school involving my daughter last Monday.”

However, it didn’t come from the place or people she said she counted on.

“I never got a phone call from the school, an email, a text, nothing to say,” said the mom. Nothing happened until a week later.

That’s when a detective called and told her what happened.

“She was forced to give oral sex to a student in school,” said the mom.

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Her 13-year-old daughter is disabled, autistic, and has challenges communicating.

The mom said she was sending her daughter to school without knowing what happened.

“I noticed a little behavior, emotional changes,” said the mom. “When I got that call now, it makes sense to, you know, what you because of what she had experienced at school and to come home and she didn’t say anything or no one had called me and just like it breaks my heart.”

7News obtained a copy of the police report, which confirms the youth investigative branch is investigating what happened to her daughter as sexual abuse. It shows that a Kelly Miller Middle School social worker reported it to the Metropolitan Police Department (MPD) last week.

“I just hope that I can be able to get her back on the right track. From all the trauma, on top of trauma,” said the mom. “To be able to grow and not have to hold that in the back of her head that she experienced in school, which should have been her safe place.”

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7News started reaching out to DCPS just after 12:30 p.m. to ask if the students suspected of the abuse have been removed from the school, and why parents wouldn’t have been notified about the incident. They did not get back to us until after our first report aired. They did not answer either question. They provided the following statement.

A district spokesperson provided this statement:

At DC Public Schools (DCPS), student safety and wellbeing are paramount, and the district treats any allegation of sexual misconduct with the utmost seriousness. DCPS will continue to cooperate with law enforcement as this matter is investigated.

In accordance with the Family Educational Rights and Privacy Act (FERPA) and our obligation to maintain student confidentiality, we are unable to provide comment on individual student cases.

If you or someone you know is a victim of sexual assault or abuse, the National Sexual Assault Hotline can be accessed by calling 1-800-656-4673.

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Canvas cyberattack leaves many DC-area school systems without service

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Canvas cyberattack leaves many DC-area school systems without service


A cyberattack on the Canvas learning management system left thousands of schools and universities offline Thursday, disrupting access to grades, assignments, course materials and lecture videos as students prepared for finals.

The hacking group ShinyHunters claimed responsibility for the breach, according to the Associated Press. Instructure, the company behind Canvas, did not immediately respond to questions about whether the system was taken down as a precaution or knocked offline, the AP reported.

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READ MORE: Canvas outage impacts thousands of schools, universities: Hacker group reportedly takes credit

The hacking group posted online that nearly 9,000 schools worldwide were affected, with billions of private messages and other records accessed. Many school systems and universities in the Washington, D.C. region rely on Canvas as their primary learning management system.

In Montgomery County, school officials said access to the platform will remain unavailable “out of an abundance of caution” while they work to understand the impact of the incident and any potential vulnerabilities. Families were urged not to log in until MCPS and the myMCPS Classroom vendor resolve the issue.

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The University of Maryland said it does not yet know when Canvas will return to service.

Canvas Cyberattack DC-Area School Systems Affected

Montgomery County Public Schools

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Canvas (myMCPS Classroom) owned by Instructure Inc., is used by the school district as its learning management system. Due to a reported global cybersecurity concern involving Canvas, and impacting numerous school systems, universities, corporations in Maryland, other states, and worldwide, thus access to myMCPS Classroom has been disabled.

Out of an abundance of caution, access to the system will remain unavailable while we work to better understand the full impact of the incident and any potential vulnerabilities involving information connected to the platform. Please do not attempt to log in to the platform until MCPS and the myMCPS Classroom (Canvas) vendor have resolved this problem.

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At this time, appropriate MCPS technology and security staff are continuing to assess the situation and coordinate with the vendor. We understand this disruption is frustrating and appreciate your patience as this work continues.

myMCPS Classroom provides access to student information such as grades, assignments, attendance, and course materials, and is an important tool for students and families to monitor academic progress. Additional information on how students can access resources and functions in myMCPS Classroom will be provided as soon as possible.

Updates will be shared as soon as additional information becomes available.

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University of Maryland

Canvas may appear to be up right now, but please to not use it. DIT Security is not confident the system is safe to use right now. Please check back here before using Canvas.

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For our faculty who use Canvas, we have created this guidance, and we will continue adding resources tomorrow. Please stay in touch with your students as we adapt to this evolving situation.

Prince George’s County Schools

There has been a cybersecurity incident involving Canvas, our Learning Management System.

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Instructure, the parent company of Canvas, notified us of a global cybersecurity incident affecting 275 million users across numerous educational institutions. We have been informed that PGCPS was one of the many impacted organizations. While personal information including names, emails and Student IDs was impacted, NO sensitive  information, such as dates of birth, passwords, financial information, was involved. PGCPS does not store that type of sensitive information or parent information in Canvas.

We are using this as an opportunity to reinforce the importance of exercising caution when communicating by email and remaining vigilant regarding suspicious messages, spam, phishing attempts, or other potentially fraudulent communications. 

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We will continue to monitor the situation and remain in close communication with Instructure.

Anne Arundel County Public Schools

Due to the ongoing issues with the Canvas Learning Management System (LMS), AACPS will operate schools on Friday, May 8, 2026, without the use of the LMS. The Virtual Academy will also remain open with altered instructional delivery that will also not use the LMS. Further instructions will be communicated from the school principal. The latest information regarding the breach and the status of school district operations can be found at www.aacps.org/canvasbreach.

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Prince William County Public Schools

We are aware of the error appearing when accessing Canvas and are actively working with the vendor to resolve it. The issue is not just impacting PWCS, and is widespread and national in scope. We will provide updates when the vendor has resolved the issue.

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The Source: Information in this article comes from the Associated Press and previous FOX 5 reporting. 

NewsConsumerMarylandWashington, D.C.Virginia



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