International Monetary Fund (IMF) has raised alarms regarding the new tariffs introduced by the United States, cautioning that they could negatively affect the global economy.
On April 2, designated as “Liberation Day” by President Donald Trump, he announced a minimum baseline tariff of 10 percent, along with various reciprocal tariffs.
In light of this development, the IMF has called on countries worldwide to ease trade tensions and seek constructive dialogue to resolve issues.
Managing Director Kristalina Georgieva stated that the IMF is currently assessing the macroeconomic impacts of the newly implemented tariff measures.
“These tariffs pose a significant risk to the global economic outlook, especially during a period of sluggish growth,” Georgieva remarked. “It is crucial to avoid actions that could further jeopardize the world economy.”
The head of the IMF urged the United States and its trading partners to collaborate in addressing trade tensions and minimizing uncertainty.
Georgieva also mentioned that the results of the IMF’s assessment will be included in the World Economic Outlook, which will be published during the upcoming Spring Meetings of the IMF and World Bank.
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