But under the IMF's baseline forecasts the U.S. outlook remains resilient, with 2025 growth at 2.0%, a slight upgrade from the 1.9% forecast in July. The IMF forecast 2026 U.S. GDP growth at 2.1%, also a slight improvement from July but well below the 2024 U.S. growth rate of 2.8%.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. But markets in Asia dropped.

Chinese exports of used cooking oil to the US were already in retreat well before President Donald Trump chose them as the latest flashpoint in his trade war with Beijing.

U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil. Ralf Rivas reports.

Trump administration officials work to stabilize U.S.-China relations after trade war threats, with President Donald Trump prepared to meet Xi Jinping.