Jerry Lin
The Latest
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IMF Cuts 2025 U.S. Growth Forecast to 1.8% Amid Trump Tariffs and Rising Inflation
The International Monetary Fund has sharply lowered its U.S. growth forecast for 2025 to 1.8%, down from 2.7% in January, citing mounting trade tensions and the economic fallout from President Donald Trump's new round of tariffs. The revised projection, released Tuesday in the IMF's April 2025 World Economic Outlook, comes amid rising concerns about inflation and policy uncertainty across global markets. 
The International Monetary Fund has sharply lowered its U.S. growth forecast for 2025 to 1.8%, down from 2.7% in January, citing mounting trade tensions and the economic fallout from President Donald Trump's new round of tariffs. The revised projection, released Tuesday in the IMF's April 2025 World Economic Outlook, comes amid rising concerns about inflation and policy uncertainty across global markets. -
U.S. Stocks Plunge and Dollar Sinks to Three-Year Low as Trump Targets Fed Chair Powell Over Interest Rates
U.S. stocks plunged Monday and the dollar sank to its lowest level in over three years as investors reacted to President Donald Trump's escalating criticism of Federal Reserve Chair Jerome Powell and deepening concerns over trade policy. The Dow Jones Industrial Average fell 850 points, or 2.17%, while the S&P 500 dropped 2.26% and the Nasdaq Composite tumbled 2.67%. 
U.S. stocks plunged Monday and the dollar sank to its lowest level in over three years as investors reacted to President Donald Trump's escalating criticism of Federal Reserve Chair Jerome Powell and deepening concerns over trade policy. The Dow Jones Industrial Average fell 850 points, or 2.17%, while the S&P 500 dropped 2.26% and the Nasdaq Composite tumbled 2.67%. -
Oil Prices Slide as U.S.-Iran Talks Ease Supply Fears, Tariff Tensions Weigh on Demand Outlook
Oil prices fell sharply on Monday as signs of progress in nuclear negotiations between the U.S. and Iran eased fears of tight global supply, while persistent concerns about U.S. tariffs and their impact on global economic growth pressured demand expectations. 
Oil prices fell sharply on Monday as signs of progress in nuclear negotiations between the U.S. and Iran eased fears of tight global supply, while persistent concerns about U.S. tariffs and their impact on global economic growth pressured demand expectations. -
China Holds Lending Rates Steady as Strong GDP Eases Pressure for Stimulus
China's central bank left key lending rates unchanged Monday, as stronger-than-expected economic data allowed policymakers to prioritize currency stability amid rising pressure from U.S. trade measures. The decision to keep the one-year loan prime rate at 3.1% and the five-year LPR at 3.6% matched forecasts from a Reuters poll of economists. 
China's central bank left key lending rates unchanged Monday, as stronger-than-expected economic data allowed policymakers to prioritize currency stability amid rising pressure from U.S. trade measures. The decision to keep the one-year loan prime rate at 3.1% and the five-year LPR at 3.6% matched forecasts from a Reuters poll of economists. -
European Central Bank Slashes Rates for Third Time This Year, Citing Trade War Fallout
The European Central Bank on Thursday cut interest rates by 25 basis points to 2.25%, its seventh reduction in a year, as policymakers confront deepening economic uncertainty sparked by U.S. trade actions and fading post-pandemic inflation. The move comes as the eurozone grapples with slowing growth, a volatile investment environment, and the threat of a broader trade war with the United States. 
The European Central Bank on Thursday cut interest rates by 25 basis points to 2.25%, its seventh reduction in a year, as policymakers confront deepening economic uncertainty sparked by U.S. trade actions and fading post-pandemic inflation. The move comes as the eurozone grapples with slowing growth, a volatile investment environment, and the threat of a broader trade war with the United States. -
U.S. Retail Sales Surge 1.4% as Auto Buyers Rush to Beat Trump’s 25% Car Tariffs
Retail sales in the United States jumped 1.4% in March, the largest monthly gain since January 2023, as consumers rushed to purchase cars and other big-ticket items ahead of President Donald Trump's sweeping tariff increases. The Commerce Department said Wednesday the surge was led by a 5.3% rise in spending on vehicles and auto parts, outpacing broader retail activity. 
Retail sales in the United States jumped 1.4% in March, the largest monthly gain since January 2023, as consumers rushed to purchase cars and other big-ticket items ahead of President Donald Trump's sweeping tariff increases. The Commerce Department said Wednesday the surge was led by a 5.3% rise in spending on vehicles and auto parts, outpacing broader retail activity. -
India’s Trade Deficit with China Hits Record $99.2 Billion as Imports Surge 11.5%
India's merchandise trade deficit with China soared to a record $99.2 billion in the fiscal year ending March 2025, driven by a surge in electronics, batteries, and industrial inputs, despite government rhetoric aimed at curbing Chinese imports and improving self-reliance. 
India's merchandise trade deficit with China soared to a record $99.2 billion in the fiscal year ending March 2025, driven by a surge in electronics, batteries, and industrial inputs, despite government rhetoric aimed at curbing Chinese imports and improving self-reliance. -
China’s Q1 GDP Grows 5.4% as Export Surge Preempts Tariff Shock, But Outlook Darkens
China's economy expanded 5.4% in the first quarter of 2025, beating analysts' expectations and bolstered by a sharp uptick in exports as manufacturers rushed to ship goods ahead of U.S. tariff increases. However, economists warn that the world's second-largest economy is on the verge of a significant slowdown as the impact of up to 145% tariffs on Chinese goods takes hold. 
China's economy expanded 5.4% in the first quarter of 2025, beating analysts' expectations and bolstered by a sharp uptick in exports as manufacturers rushed to ship goods ahead of U.S. tariff increases. However, economists warn that the world's second-largest economy is on the verge of a significant slowdown as the impact of up to 145% tariffs on Chinese goods takes hold. -
Tech Stocks Rally After Tariff Reprieve, But Trump Signals More Semiconductor Levies Ahead
Global stock markets rallied Monday after President Donald Trump announced a temporary exemption on U.S. tariffs for electronics, including smartphones and computers, easing immediate concerns for technology firms and investors bracing for higher costs. The S&P 500 climbed 1.5% in early trading, with the Nasdaq Composite up 2% and the Dow Jones Industrial Average gaining 441 points, or 1.1%. 
Global stock markets rallied Monday after President Donald Trump announced a temporary exemption on U.S. tariffs for electronics, including smartphones and computers, easing immediate concerns for technology firms and investors bracing for higher costs. The S&P 500 climbed 1.5% in early trading, with the Nasdaq Composite up 2% and the Dow Jones Industrial Average gaining 441 points, or 1.1%. -
China’s Exports Surge 12.4% in March as U.S. Tariff Deadline Sparks Shipping Frenzy
China's exports surged 12.4% in March compared to a year earlier, as companies rushed to ship goods ahead of escalating U.S. tariffs, according to customs data released Monday. The sharp increase, driven by front-loaded shipments, outpaced analyst forecasts and comes amid deteriorating trade relations between Washington and Beijing under President Donald Trump's latest tariff escalation. 
China's exports surged 12.4% in March compared to a year earlier, as companies rushed to ship goods ahead of escalating U.S. tariffs, according to customs data released Monday. The sharp increase, driven by front-loaded shipments, outpaced analyst forecasts and comes amid deteriorating trade relations between Washington and Beijing under President Donald Trump's latest tariff escalation.
