IMF chief says US tariffs a 'significant risk' to global economy
- The world economy was impacted as President Donald Trump's new tariffs on foreign imports sparked responses from governments, investors, and industries worldwide.
- International Monetary Fund Managing Director Kristalina Georgieva called the tariffs a 'significant risk to the global outlook' during a statement.
- US Treasury Secretary Scott Bessent warned against retaliatory measures from trading partners, suggesting that such actions would lead to escalation.
- The tariffs could disrupt supply chains and raise costs, with analysts predicting reduced consumer spending and strained business profitability.
78 Articles
78 Articles
Trump tariffs pose 'significant risk' to global economy, says IMF
MANILA, Philippines — The World Bank called on the United States and countries slapped with President Donald Trump’s “reciprocal” tariffs to ease trade tensions. The multilateral lender’s chief described Washington’s levies as a cause of great risk and uncertainty. “We are still assessing the macroeconomic implications of the announced tariff measures, but they clearly represent a significant risk to the global outlook at a time of sluggish gro…
WTO and IMF warn of global trade disruptions a new U.S. tariffs
U.S. President Donald Trump's newly announced tariffs, set to take effect Saturday, impose a 10 percent baseline on all imports, with additional levies targeting nations with the largest trade deficits.
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