Washington D.C. - The International Monetary Fund (IMF) has released updated economic projections that paint a concerning picture of global growth, particularly for the United States. The IMF's report directly attributes the revised, lower growth forecasts to the ongoing trade disputes and tariffs implemented by the Trump administration.
The report indicates that the U.S. economy is expected to experience a more substantial slowdown than other major economies. This is primarily due to the direct impact of tariffs on American businesses, consumers, and international trade. The IMF warns that these tariffs are disrupting global supply chains, increasing the cost of goods, and creating uncertainty in the market.
"Tariffs are essentially taxes on consumers and businesses," explained Gita Gopinath, the IMF's chief economist, during a press conference. "They can lead to higher prices, reduced investment, and slower economic growth."
The IMF's projections serve as a stark warning about the potential consequences of protectionist trade policies. The organization urges policymakers to seek collaborative solutions to trade disputes and to avoid further escalation that could harm the global economy.
IMF Warns Trump Tariffs Will Slow Global, US Economic Growth
The International Monetary Fund (IMF) has lowered its global economic growth forecast, citing the impact of tariffs imposed by the Trump administration. The IMF predicts that the United States will experience a more significant economic slowdown compared to other major economies due to these trade policies. This revised forecast highlights concerns about the potential negative consequences of tariffs on international trade and economic stability. Experts suggest that the tariffs could disrupt supply chains and increase costs for businesses and consumers.
Source: Read the original article at ABC