October 13th, 2025

#Kapital #DailyBrief ✅ In China, exports and imports exceeded expectations in September despite trade tensions with the United States. ✅ The renewed U.S.–China trade war set the tone for the IMF and World Bank meetings in Washington. Financial leaders warned that new tariffs could hurt global growth and worsen economic fragmentation. ✅ Treasury Secretary Scott Bessent stated that the partial government shutdown is already affecting the U.S. economy, causing delays in federal payments and undermining business and consumer confidence.