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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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DC native killed in multivehicle crash remembered for his love of photography – WTOP News

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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.

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“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.

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For Collins, Williams was “cool, down to earth, focused.”

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.

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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.”

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Bruno Mars tour 2026 coming to DC region

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Bruno Mars tour 2026 coming to DC region


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.

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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

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Apr 10, 2026 – Allegiant Stadium, Las Vegas, NV

Apr 14, 2026 – State Farm Stadium, Glendale, AZ

Apr 18, 2026 – Globe Life Field, Arlington, TX

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Apr 22, 2026 – NRG Stadium, Houston, TX

Apr 25, 2026 – Bobby Dodd Stadium at Hyundai Field, Atlanta, GA

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Apr 29, 2026 – Bank of America Stadium, Charlotte, NC

May 02, 2026 – Northwest Stadium, Landover, MD

May 06, 2026 – Nissan Stadium, Nashville, TN

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May 09, 2026 – Ford Field, Detroit, MI

May 13, 2026 – U.S. Bank Stadium, Minneapolis, MN

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May 16, 2026 – Soldier Field Stadium, Chicago, IL

May 20, 2026 – Ohio Stadium, Columbus, OH

May 23, 2026 – Rogers Stadium, Toronto, ON

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May 24, 2026 – Rogers Stadium, Toronto, ON

Jun 20, 2026 – Stade de France, Paris, FR

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Jun 21, 2026 – Stade de France, Paris, FR

Jun 26, 2026 – Olympiastadion, Berlin, DE

Jul 04, 2026 – Johan Cruijff ArenA, Amsterdam, NL

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Jul 05, 2026 – Johan Cruijff ArenA, Amsterdam, NL

Jul 10, 2026 – Riyadh Air Metropolitano, Madrid, ES

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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

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Aug 21, 2026 – Metlife Stadium, East Rutherford, NJ

Aug 22, 2026 – Metlife Stadium, East Rutherford, NJ

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Aug 29, 2026 – Acrisure Stadium, Pittsburgh, PA

Sep 01, 2026 – Lincoln Financial Field, Philadelphia, PA

Sep 05, 2026 – Gillette Stadium, Foxborough, MA

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Sep 09, 2026 – Lucas Oil Stadium, Indianapolis, IN

Sep 12, 2026 – Raymond James Stadium, Tampa, FL

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Sep 16, 2026 – Caesars Superdome, New Orleans, LA

Sep 19, 2026 – Hard Rock Stadium, Miami, FL

Sep 23, 2026 – Alamodome, San Antonio, TX

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Sep 26, 2026 – Falcon Stadium, United States Air Force Academy, CO

Oct 02, 2026 – SoFi Stadium, Los Angeles, CA

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Oct 03, 2026 – SoFi Stadium, Los Angeles, CA

Oct 10, 2026 – Levi’s Stadium, Santa Clara, CA

Oct 14, 2026 – BC Place, Vancouver, BC

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More information on the tour can be found online.

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‘Completely avoidable’: DC’s mayor reacts to ICE killing in Minneapolis

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‘Completely avoidable’: DC’s mayor reacts to ICE killing in Minneapolis


D.C.’s mayor and interim police chief took questions on immigration enforcement after an ICE agent shot and killed an unarmed woman in Minneapolis.

“If we don’t want ICE in our communities, we have to stop funding ICE – and that decision isn’t made here; it’s made at the Congress,” Mayor Muriel Bowser said.

The mayor was asked about her reaction to the killing.

“To me, it just is reflected, when you have people who are unaccustomed to urban policing trying to police in an urban environment. What it looked to me like – very bad, and I’m not a police officer, I’m not in law enforcement – but what I saw was completely avoidable, and a woman died,” she said.

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“ICE is patrolling American cities. If we don’t want that, the Congress has to stop funding ICE, because thousands of agents who are untrained to police in urban environments are on our streets,” Bowser added.

In two recent incidents in D.C., federal agents opened fire on drivers who the agents claimed were trying to hit them with their vehicles. In those cases, no one was injured.

Interim Chief of Police Jeffery Carroll was asked about public concerns that might happen here again.

“A lot of these individuals, they don’t work in urban policing. So, us working with federal authorities in the policing operations, being out there, actually helps us make sure that we can work in those areas to help control what’s going on,” he said.

“Obviously, I can’t assure you of anything. Obviously, I can assure you every situation is different, right, that officers encounter out there,” he added. “But I think having the relationship and having the federal authorities working with the officers does help to mitigate some of the challenges that we have with that.”

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Nadeau’s report on DC cooperation with immigration enforcement

Departing D.C. Councilmember Brianne Nadeau released a scathing report Thursday that’s critical of how MPD and the Bowser administration have cooperated with federal immigration enforcement.

“The primary finding is the loss of trust between the public and MPD,” she told News4. “The challenge that we’re finding is that the mayor and the chief’s interpretation of the Sanctuary Values Act has opened up a vulnerability whereby they are essentially cooperating with ICE in a manner that does not match with the intent of the law.”

Bowser declined to comment on the report.

Carroll said he has not decided whether to make any changes to MPD policies on cooperating with immigration enforcement.

Last month, Councilmember Brooke Pinto, who oversees public safety, sent a letter to the then-chief requesting detailed answers to several questions related to MPD’s cooperation with federal law enforcement. Carroll said Thursday that he will provide a response, which is due to the council by Friday.

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In this 4 More Context, News4’s Ted Oberg explains how many people in the D.C. area have been arrested by ICE and why.



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