Chinese policymakers on Monday sought to assuage concerns the broad U.S. tariffs could derail efforts to shore up a fragile economic recovery, even as analysts warn the hefty levies raise the risk of a sharp downturn in growth.

Trump’s tariffs are forecast to slow the global economy sharply this year, the International Monetary Fund said.

Sri Lanka was on the verge of bankruptcy. If U.S. President Donald Trump's imposes his proposed tariffs, the country’s textile exports will be at risk, and a new debt crisis could loom.