Citadel’s Griffin says Trump needs to be careful about Treasuries’ brand

Kenneth Griffin cautions Trump's administration about the risks to U.S. Treasuries creditworthiness due to tariffs, while praising some government efficiency efforts during his first 100 days.

US cancels hundreds of grants for police, crime victims, Justice Dept documents show

IMF’s Georgieva, World Bank’s Banga need to earn Trump administration’s trust, Bessent says

U.S. Treasury Secretary Bessent emphasizes IMF and World Bank must refocus on core missions to regain trust. No decision on $4B pledge pending budget negotiations.

US, China tariffs need to fall for trade talks to start, Bessent says

U.S. Treasury Secretary Scott Bessent asserts that high tariffs between the U.S. and China must be reduced for trade negotiations to advance and restore balance.

China backs Iran’s nuclear talks with US, opposes ’illegal’ sanctions

China supports Iran in U.S. nuclear talks, opposes force and sanctions, and emphasizes cooperation while the U.S. pressures Iran and enforces tariffs.

US tariffs could shave up to half a percentage point off India GDP, says finance secretary

Ajay Seth stated that Trump's tariffs could reduce India's GDP growth by 0.2-0.5%. India aims for 7% growth but faces challenges. Negotiations with the U.S. continue.

US new home sales jump in March; supply still rising

New U.S. single-family home sales surged in March, driven by lower mortgage rates. Economic uncertainty and rising construction costs pose challenges for continued growth in the housing market.

EU’s Dombrovskis says EU prefers negotiated solution on trade with US

The EU aims for a negotiated trade solution with the US but will consider countermeasures if necessary, while pursuing further global trade partnerships.

US Treasury’s Bessent urges IMF, World Bank to refocus on core missions

U.S. Treasury Secretary Bessent urges IMF and World Bank to prioritize macroeconomic stability and development over vanity projects, advocating for reforms and adherence to core missions.

US business activity moderates in April; firms demand higher prices for their products