Trump tariff threats risk triggering ‘spiral of escalation’ in world economy, says IMF

Fund warns rising geopolitical tensions could have ‘material impact’ on global growth and investmentGold and silver hit record highs as markets reelDonald Trump’s tariff threats over Greenland risk triggering a “spiral of escalation” that would damage the world economy and lead to a sharp sell-off in financial markets, the International Monetary Fund (IMF) has said.In an update as Trump threatened to impose tariffs …