Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
European officials gathering in Washington this week will seek an off-ramp for what is becoming the worst global trade crisis in a century. Tariffs will dominate the spring meetings of the International Monetary Fund and World Bank, as well as a gathering of G-20 finance ministers and central bankers, following US threats to abandon the multilateral institutions it helped build. A weaker IMF and World Bank would be an acute risk for nations struggling with high debt, dwindling currency reserves or other fiscal challenges which rely on the fund. While many officials will be seeking to engage with President Donald Trump’s administration, others, including Chinese representatives, will discuss how to maintain a global financial system without US leadership.
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