US EditionIMF Says New US Tariffs Keep Trade Uncertainty Running High
UNITED STATES, JUL 10 – The International Monetary Fund warns that US tariffs at century-high levels are causing ongoing global trade uncertainty and economic slowdown, urging cooperative efforts to stabilize trade.
- On July 10, the IMF stated it is closely monitoring new US tariffs announced to start August 1 amid ongoing global trade uncertainty.
- This follows President Trump’s expansion of tariffs including a 50% duty on US copper imports and Brazilian goods, intensifying trade tensions.
- The IMF and Swiss Re Institute report that these tariffs and uncertainty slow global GDP growth, disrupt supply chains, and reduce consumption.
- US GDP growth is forecast to slow to 1.5% in 2025 from 2.8% in 2024, while China’s growth may drop to 4.7%, and eurozone to 0.8%.
- The IMF urges countries to work constructively for stable trade to avoid further market fragmentation, which would harm insurance affordability and global risk resilience.
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Channel News Asia
IMF says new US tariffs keep trade uncertainty running high
WASHINGTON: The IMF said on Thursday (Jul 10) it was closely monitoring the latest US tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to
IMF Says New US Tariffs Keep Trade Uncertainty Running High
The new United States trade rates are worrying at international level. The International Monetary Fund warns that these measures could destabilise the global economy, directly affecting the rate of growth of large economic forces and emerging countries. IMF warns about global risks the International Monetary Fund has transmitted joi that it follows closely the impact of new tariffs [...]
The International Monetary Fund (IMF) has transmitted to the Commission that it monitors almost new commercial tariffs advertisements in the US, stressing that uncertainty about the global economic perspective remains high.
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