The International Monetary Fund, IMF, has expressed concern over the new tariffs imposed by the United States, warning of potential adverse effects on the global economy.
On 2nd April—declared “Liberation Day”; by President Donald Trump—he directed the imposition of a minimum baseline tariff of 10 per cent, along with a range of reciprocal tariffs.
In response, the IMF urged nations across the globe to reduce trade tensions and pursue amicable solutions through dialogue.
Managing Director Kristalina Georgieva, in a statement, said IMF is still evaluating the macroeconomic implications of the newly announced tariff measures.
“They clearly represent a significant risk to the global outlook at a time of sluggish growth,”; Georgieva noted. “It is important to avoid steps that could further harm the world economy.”;
The IMF chief appealed to the United States and its trading partners “to work constructively to resolve trade tensions and reduce uncertainty.”;
Georgieva added that the findings of IMF’s assessment will be reflected in its World Economic Outlook, to be released during the upcoming IMF/World Bank Spring Meetings.
