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.
The International Monetary Fund (IMF) Executive Board has completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about $0.4 billion, which will be allocated for budget support.
Argentina has finalized a $20 billion IMF deal to stabilize reserves and repay existing debt amid severe economic challenges.
Kenya and the IMF have agreed to halt the ninth review of the $3.6B loan program and discuss a new lending arrangement. With rising debt costs and a 65.7% debt-to-GDP ratio, Kenya seeks fresh financial support to stabilize its economy and manage fiscal challenges.
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt, completing the fourth review of Cairo’s $8 billion economic reform programme, the lender announced on Tuesday.
The United States has introduced a new 10% tax on nearly all imported goods, a move that went into effect Saturday and is causing significant concern among American businesses, consumers, and global trading partners.
Nissan Motor Co. is reportedly considering a production shift that would see some U.S.-bound vehicles manufactured domestically in the United States as early as this summer, according to a Nikkei report on Saturday.
North Korean leader Kim Jong Un visited a military training base on Friday, where he closely observed exercises conducted by the special operations units of the Korean People's Army, according to state media.
U.S. Deputy Secretary of State Christopher Landau discussed the importance of an ongoing audit with Panama's Foreign Minister Javier Martinez-Acha on Friday, according to a State Department readout.
Greenland's incoming prime minister, Jens-Frederik Nielsen, has dismissed any discussion of annexing the semi-autonomous territory as "unacceptable."
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
U.S. oilfield service firms are facing significant challenges following President Donald Trump’s recent tariff announcement, which is disrupting supply chains and contributing to a decline in oil prices.
Jaguar Land Rover will suspend shipments of its UK-made vehicles to the United States for a month as it evaluates ways to address the impact of President Donald Trump's 25% tariff on imported cars, according to a report in The Times.
Howmet Aerospace, a critical supplier of parts for aircraft built by Airbus and Boeing, has warned it may halt some shipments if impacted by the new tariffs imposed by U.S. President Donald Trump, according to a letter seen by Reuters.
The United States has introduced a new 10% tax on nearly all imported goods, a move that went into effect Saturday and is causing significant concern among American businesses, consumers, and global trading partners.
Nissan Motor Co. is reportedly considering a production shift that would see some U.S.-bound vehicles manufactured domestically in the United States as early as this summer, according to a Nikkei report on Saturday.
The United States has introduced a new 10% tax on nearly all imported goods, a move that went into effect Saturday and is causing significant concern among American businesses, consumers, and global trading partners.
Nissan Motor Co. is reportedly considering a production shift that would see some U.S.-bound vehicles manufactured domestically in the United States as early as this summer, according to a Nikkei report on Saturday.
North Korean leader Kim Jong Un visited a military training base on Friday, where he closely observed exercises conducted by the special operations units of the Korean People's Army, according to state media.
U.S. Deputy Secretary of State Christopher Landau discussed the importance of an ongoing audit with Panama's Foreign Minister Javier Martinez-Acha on Friday, according to a State Department readout.
Greenland's incoming prime minister, Jens-Frederik Nielsen, has dismissed any discussion of annexing the semi-autonomous territory as "unacceptable."
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