IMF Chief Warns: Kristalina Georgieva Flags Global Risks from U.S. Tariffs

Washington DC [ US ], April 4 (ANI): Following US President Donald Trump 's announcement of reciprocal tariffs , International Monetary Fund ( IMF ) Managing Director Kristalina Georgieva voiced worries about the effect on the worldwide economy and mentioned that the tariffs represent a "significant risk to the global outlook."

Georgieva encouraged the United States and its trading allies to "engage constructively in resolving trade disputes and lowering uncertainty."

In a statement attributed to Georgieva, the IMF On Thursday, they stated, “We continue to evaluate the broad economic impacts of the recently declared tariffs; however, these actions undoubtedly pose a substantial threat to worldwide prospects amid slow expansion. It’s crucial to refrain from taking any action that might inflict additional damage on the global economy. We urge both the U.S. and their commercial counterparts to engage collaboratively in resolving trade disputes and diminishing ambiguity.”

Georgieva further said the IMF planning to unveil the findings of its evaluation in the forthcoming World Economic Outlook.

"We will share the results of our assessment in the World Economic Outlook, which will be published at the time of the IMF /World Bank Spring Meetings later this month," the IMF chief said.

After announcing reciprocal tariffs across the globe on Wednesday (local time), Trump emphasised that the US The economy and stock market were expected to experience expansion.

When addressing the press for a short time on Thursday, Trump responded to a query about the decline in the stock market that followed. tariffs and remarked, "Things are progressing quite well," and further stated that the United States would see an inflow of "six or seven trillion dollars" heading towards their nation.

He added, "The markets will experience significant growth. The stocks are set to soar. The nation is poised for expansion—and others around the globe are looking into ways they might participate in this opportunity. For decades, these countries have capitalized on our resources."

In the face of global condemnation, Trump proclaimed a nationwide economic emergency and made an announcement. tariffs of at least 10 per cent across all countries, with rates even higher for 60 countries.

The implemented tariff scheme charged substantial fees to numerous nations, such as imposing a 26 percent rate on India, a 49 percent charge on Cambodia, a 46 percent levy on Vietnam, a 34 percent duty on China, a 24 percent tariff on Japan, and a 20 percent rate on the European Union. US The media noted that over 180 countries and regions will be affected. tariffs .

CNN reported that US Stocks fell sharply during extended hours of trading following comments from President Donald Trump gave speeches in the Rose Garden and presented comprehensive tariffs All attention will now shift to the Asian markets as they commence their trading session. (ANI)

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