International Monetary Fund (IMF) has appealed to United States and its trading partners to resolve their differences,
Gatekeepers News reports that President Donald Trump on April 2, announced a sweeping tariffs of at least 10% on all goods imported into the country.
According to Trump; the move would reset the United State’s (US) manufacturing industry, strengthen the economy, and lower consumer prices.
Reacting in a statement on Friday, Kristalina Georgieva, managing director of IMF, said the measures pose a significant risk to the global economy.
She said, “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 growth,”
“It is important to avoid steps that could further harm the world economy.”
“We appeal to the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty.”
Georgieva noted that IMF will publish its assessment of the global economic outlook in the forthcoming World Economic Outlook report, to be released during the IMF/World Bank Spring Meetings later this month.
