Washington: The International Monetary Fund has warned that the new American tariffs can weaken global economic growth and urge Washington to reduce trade tension to prevent and uncertain.
IMF chief Crystalina Jorgieva said, “We are still assessing the comprehensive economic implications of tariff measures, but they represent a significant risk for a global approach at the time of clearly dull development,” said the IMF chief Christalina Joriywava said, the US and its partners said, the US and its partners made an actions to work.
President Donald Trump’s latest worldwide tariff Salvo was the first statement from the IMF chief after deepening a trade war, in which many fears could trigger a global recession and could increase inflation.
The head of the International Monetary Fund said in a statement, “tariffs” clearly represent a significant risk for the global approach at the time of dull development. ,
“It is important to avoid steps that can cause more harm to the world economy,” Georgiva said.
“We appeal to the United States and its business partners to work creatively to solve business stress and reduce uncertainty.”
In January, the Washington -based institution said that this year the global growth is expected to reach 3.3 percent this year, which is below the average global growth rate in the first two decades of the 21st century.
The IMF will publish its new approach to the end of this month later this month, where the unprecedented American trade tariff will be high on the agenda.
