The outlooks for the US and global economies have significantly worsened in the wake of President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said on Tuesday.

Ever since President Donald Trump introduced his first set of higher tariffs, it’s been a waiting game to see just how big an impact they’ll have on the global economy.

U.S. President Donald Trump met with major retailers, including Walmart (WMT.N), opens new tab, Home Depot (HD.N), opens new tab, Lowe's (LOW.N), opens new tab and Target (TGT.N), opens new tab, on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import.

President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.

President Donald Trump said Tuesday that tariffs on China could come down "substantially" as his administration negotiates trade deals with dozens of countries. #Trump #Tariffs #China