International Monetary Fund Managing Director Kristalina Georgieva issued a stark warning on Thursday, cautioning that the latest tariff measures announced by US President Donald Trump could deepen economic uncertainty and threaten global growth.
"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," Georgieva said in a statement. She called on the United States and its trade partners to work constructively to resolve rising trade tensions and reduce uncertainty in an already fragile economic environment.
On Wednesday, President Trump announced a new set of reciprocal tariffs ranging from 10% to 50% on imports from several trade partners. Under the new measures, the US will impose a 20% tariff on European Union goods, 34% on Chinese imports, 46% on Vietnamese products, 32% on Taiwanese exports, 24% on Japanese goods, 26% on Indian products, 25% on South Korean exports, 36% on Thai goods, 31% on Swiss products, 32% on Indonesian imports, 24% on Malaysian goods, 49% on Cambodian products, 30% on exports from South Africa and Bangladesh, and 17% on Israeli goods.
The IMF’s warning comes amid growing global concerns that heightened trade barriers could disrupt international trade flows, dampen investor confidence, and potentially trigger a broader economic slowdown. Georgieva added that the IMF is in the process of analyzing the broader effects of these measures and that the results will be detailed in the upcoming World Economic Outlook report, scheduled for release during the IMF/World Bank Spring Meetings later this month.
As global markets brace for further volatility, economists and policymakers alike stress the need for collaborative efforts to mitigate the risks posed by the escalating trade tensions.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
International financial leaders will discuss ways to restore aid to Syria during next week’s IMF and World Bank meetings.
rgentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso.
Since joining in 1956, Argentina has become the IMF’s biggest debtor. On Friday, it secured a new $20B deal—its 23rd program. The first dates back to 1958 with a $75M loan. In total, Argentina has received $177B from the IMF to fight inflation and repeated economic crises.
Russian Foreign Minister Sergei Lavrov has confirmed that Moscow will persist in targeting Ukrainian military sites, despite international condemnation following recent attacks on civilian areas.
China has announced that it has taken control of Sandy Cay reef, a disputed landform in the South China Sea, located just a few kilometers from a key Philippine military outpost. The reef, which China refers to as Tiexian Jiao, is also claimed by Taiwan, Vietnam, and the Philippines.
An Israeli airstrike struck a building in Beirut, breaking months of ceasefire despite no reported injuries.
U.S. President Donald Trump says his meeting with Ukrainian President Zelenskiyy went well, while expressing disappointment in Russia’s continued strikes on Ukrainian civilians.
North Korea has officially acknowledged it deployed troops to support Russia’s war against Ukraine, calling it a demonstration of its firm alliance with Moscow.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
U.S. Secretary of State Marco Rubio stated on Sunday that the upcoming week will be "very critical" for Russia-Ukraine negotiations, emphasizing that both sides are still not "close enough" to a deal.
Russian Foreign Minister Sergei Lavrov has confirmed that Moscow will persist in targeting Ukrainian military sites, despite international condemnation following recent attacks on civilian areas.
China has announced that it has taken control of Sandy Cay reef, a disputed landform in the South China Sea, located just a few kilometers from a key Philippine military outpost. The reef, which China refers to as Tiexian Jiao, is also claimed by Taiwan, Vietnam, and the Philippines.
An Israeli airstrike struck a building in Beirut, breaking months of ceasefire despite no reported injuries.
U.S. President Donald Trump says his meeting with Ukrainian President Zelenskiyy went well, while expressing disappointment in Russia’s continued strikes on Ukrainian civilians.
Russian Foreign Minister Sergei Lavrov has confirmed that Moscow will persist in targeting Ukrainian military sites, despite international condemnation following recent attacks on civilian areas.
China has announced that it has taken control of Sandy Cay reef, a disputed landform in the South China Sea, located just a few kilometers from a key Philippine military outpost. The reef, which China refers to as Tiexian Jiao, is also claimed by Taiwan, Vietnam, and the Philippines.
An Israeli airstrike struck a building in Beirut, breaking months of ceasefire despite no reported injuries.
U.S. President Donald Trump says his meeting with Ukrainian President Zelenskiyy went well, while expressing disappointment in Russia’s continued strikes on Ukrainian civilians.
North Korea has officially acknowledged it deployed troops to support Russia’s war against Ukraine, calling it a demonstration of its firm alliance with Moscow.
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