Trump’s tariff will work on our stifling, the global parts: the International Monetary Fund
The high levels of tariffs in the century imposed by President Trump. IMF economists (IMF) said on Tuesday that it is expected to take a bite of global economic growth this year.
The International Monetary Fund reduced its projection of Global GDP growth to 2.8 percent of growth in 2025, down from 3.3 percent forecasts in January.
Growth expectations in the United States have been distinguished to the growth of 1.8 percent of 2.7 percent growth, and production forecasts in advanced economies have decreased to 1.4 percent from 1.9 percent.
Economists in the International Monetary Fund said that the reduction process reflects “tariff rates to levels that have not been seen in a large -scale century and an environment that is largely predictable.”
After announcing the “Liberation Day” tariff in Trump on April 2, the additional definitions of China on April 9, and many other commercial taxes that have entered into force since January, the actual tariff in the United States is about 25 percent.
The International Monetary Fund said that the global economic conditions were almost normal after the epidemic disturbances that begin in 2020, which led to a wave of global inflation and political turmoil, but commercial policies took a new era of uncertainty.
Economists in the International Monetary Fund said: “The main political transformations are the re -seizure of the global trade system and the uncertainty that is once again testing the flexibility of the global economy,” said economists in the International Monetary Fund.
Other economic organizations have made similar notes in recent weeks, including the Federal Reserve, making predictions of slower growth and increase faster prices as a result of American tariff policies.
In the last summary of economic expectations, the Federal Reserve Reduce the growth expectations in the United States 2025 to 1.7 percent of 2.1 percent. Inflationes raised to 2.7 percent of 2.5 percent, with unemployment expectations to 4.4 percent from 4.3 percent.
“The level of tariff increases that have been announced so far is much greater than expected. It is likely that the same applies to economic effects, which will include high inflation and slower growth.”
The economists of the United Nations also pointed to growth, noting that increased protectionism reflects general dissatisfaction with globalization.
“Trade tensions, home mission, and supply chain supply reflect the economic competition of power and general resentment in globalization,” he wrote in a commercial report in development earlier this year.
While “the losses in the global gross domestic product of the economic fragmentation are great,” they said, “[it’s]It is important not to excessive representation of the extent of movement. “
