The International Monetary Fund cautions that rolling shocks, fueled significantly by US tariff policies, are straining the global economy. Despite these challenges, the IMF observes that world markets have been more resilient than originally predicted, though concerns persist for a dimmer outlook ahead.

Japan’s exports contracted in August, but the drop was less substantial than predicted. A rebound in shipments to Asia helped cushion the blow, even as US-bound exports continued to suffer under ongoing tariffs.

The Trump administration has ended the exemption for items under $800, making most low-cost imports subject to tariffs. The sudden change has left international delivery services and businesses scrambling, leading to confusion and paused shipments that may affect consumers in the coming weeks.

Germany’s economy contracted more than expected last quarter, according to official data released on Friday. With US tariffs battering exports, Chancellor Friedrich Merz faces mounting pressure to steer Europe’s top economy back to growth.

Japan’s overseas shipments fell 2.6 % in July, the worst reading since 2021 and a bigger slide than analysts foresaw. The drop marked a third straight monthly decline and left the nation with a ¥117.5 billion trade deficit amid intensifying U.S. tariff pressure.

Global stocks fell sharply after President Trump announced new tariffs on countries including Japan and South Korea, sparking fears of escalating trade tensions. The Dow Jones Industrial Average slid over 400 points on Monday as investors reacted to the surprising move against key U.S. allies.

A recent survey reveals that most economists expect the Bank of Japan to maintain its current interest rates through the end of 2025 amid uncertainties over US tariff policies. Concerns about Japan’s economic outlook and public finances are delaying anticipated rate hikes and influencing monetary policy decisions.

Washington’s apple industry faces a historic decline as exports to India plummet by 99% following the Trump administration’s tariff announcement, signaling deepening trade tensions and economic repercussions.

The UK’s health secretary has warned that new US tariffs announced by President Trump could disrupt the nation’s medicine supply, adding another layer of challenge to the healthcare system.