American trade war could have drastic implications on the global economy and even split the world into two geopolitical trading blocs, according to the director general of the World Trade Organization,

Since his second term began, President Donald Trump has imposed double-digit tariffs on nearly every nation, sending markets into turmoil. Trump said it

The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook.