On April 22, 2025, the International Monetary Fund (IMF) issued multiple warnings and forecasts concerning the impact of US trade policies. The IMF cut UK growth prospects, lowered its global growth forecast for 2025 to 2.8% and 2026 to 3%, and warned of increased chances of a global recession due to the US-led trade war uncertainty, also stating that the trade war escalation could cause losses for China and the US, worsening after 2026.

On April 23, 2025, it was reported that Germany’s private sector unexpectedly shrank for the first time in four months due to concerns over tariffs, which triggered a sharp drop in services activity.

President Donald Trump stated on April 23, 2025, his intention to be "very nice" to China in trade negotiations and indicated that tariffs would decrease if a deal is reached.

On April 23, 2025, emerging market stocks rose, recouping their losses for the year, as investors expect the asset class to benefit from eroding confidence in US equities. The MSCI Emerging Markets Index gained as much as 1.7%, with South Korea’s Kospi gauge recovering its drop seen in the wake of US reciprocal tariffs.

On April 20, 2025, it was reported on April 23, 2025, that Russia's oil exports rebounded to 3.21 million barrels a day in the four weeks leading up to April 20, recovering about one-quarter of the losses seen over the previous three weeks.

On April 22, 2025, Constance Hunter highlighted exceptionally high economic uncertainty in the US, exceeding levels seen during past recessions, attributed to the president's trade policies. The forecast is for -0.1% growth in 2025, with concerns raised about the bond market.

On 2025-04-22, Barclays Plc CEO C.S. Venkatakrishnan stated that the US dollar will remain the world’s only reserve currency, despite economic upheaval from the Trump administration’s tariff policies.

On April 22, 2025, US Treasury Secretary Scott Bessent said the ongoing tariff dispute with China is unsustainable and both countries need to de-escalate the situation at a closed-door investor summit. The report was published on the same day.

On April 21, 2025, Indian Prime Minister Narendra Modi and US Vice President J. D. Vance relaunched negotiations on a possible trade agreement between the United States and India. The American government is threatening India with reciprocal tariffs of 26% due to India's protectionist economic model. The news was published on April 22, 2025.

On 2025-04-22, American film industry representatives criticized the European cultural exception, a policy giving European culture special status in free trade agreements. The US administration is pushing back against European regulations supporting European content, arguing they disadvantage American tech companies.

On April 23, 2025, Bloomberg News reported that China's copper demand has been surprisingly resilient. Buyers are acquiring supplies due to price slumps, with Xiao Qianjun from Jiangxi Copper Co. noting a tight copper market and a surge in spot orders.

Tongling Nonferrous Metals Group Co. warned in a report published on April 22, 2025, that US tariffs will negatively impact the short-term copper market, citing effects on global economic growth and lower industrial demand.

On April 23, 2025, copper prices in London rose to around $9,450 a ton, following a 2% rise on Tuesday. This occurred as the US signaled a more conciliatory tone toward China in the trade war.

On 2025-04-23, IEA Executive Director Fatih Birol stated that oil demand is expected to increase about 700,000 barrels per day this year, and production growth is significantly higher, potentially leading to downward pressure on oil prices.

On 2025-04-22, it was reported that several Saudi Arabian food and beverage firms, including Coffee chain Half Million and biscuit-maker Deemah, are preparing for new share sales, amid concerns about lower oil prices.

Bloomberg reported on April 22, 2025, that Chinese corporate and government borrowers have pushed issuance of dollar and euro bonds to a record proportion of all such note sales in emerging markets this month, accounting for 49% of such deals in April.

On April 21, 2025, Donald Trump criticized Federal Reserve Chairman Jerome Powell and threatened to remove him, which impacted financial markets. On April 22, 2025, Goldman Sachs Chief Economist Jan Hatzius stated that President Donald Trump's threats to fire Federal Reserve Chair Jerome Powell have significantly impacted financial markets, and the dollar advanced against its major peers after Trump said he had no intention of firing Powell, climbing the most against the yen and Swiss franc.

On April 22, 2025, the Trump administration, including Donald Trump, Elon Musk, and Treasury Secretary Scott Bessent, announced measures suggesting a return to economic orthodoxy amidst a global financial market panic. Trump stated he had no intention of firing Federal Reserve Chairman Jerome Powell before the end of his term in 2026, and Musk announced plans to reduce his involvement in the DOGE (budget cuts department) starting in May.