Trump’s Trade War Shaking Pillars of Financial System, IMF Warns

Tobias Adrian during a news conference on the global financial stability report in Washington, DC, on April 22. — Tobias Adrian during a news conference on the global financial stability report in Washington, DC, on April 22.
Photographer: Kent Nishimura/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jana Randow and Laura Noonan

April 22, 2025 at 10:15 AM EDT

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

President Donald Trump’s trade war is threatening the global financial stability that’s kept banks and insurers safe since the 2008 crisis, the International Monetary Fund warned, as it urged policymakers to bolster their industries’ defenses.