The introduction of additional import duties in the United States threatens to lower global GDP – IMF – Money



[ad_1]

Christine Lagarde unveils the worst case scenario

The introduction of new US import tariffs by the US Administration, Donald Trump, risk to affect seriously the world economic growth of the country . The International Monetary Fund Christine Lagarde in a report to the G20 meeting in Buenos Aires, writes Finance.co.uk

"This definitely determines the impact on GDP, which according to the worst case scenario in the current situation , is 0.5% of GDP globally ", – pointed out

As noted, the statement of the head of the IMF sounded the day after Trump promised a new wave of tariff increases for 500 billion dollars of Chinese imports to the United States.

Reminder, March 8 Donald Trump officially announced, which imposes a 25% import duty on steel imports and a 10% import duty on the # Imported aluminum . The new tolls do not apply temporarily to Canada and Mexico, which, along with the United States, are party to the North American Free Trade Agreement (NAFTA). With the exception of these two states, Trump declared the possibility of "making an exception for Australia and other countries."

In addition, Trump approved the rights customs on Chinese goods for about 50 billion dollars. China said the United States triggered the world's largest trade war and imposed mirror duties in response to Washington.

[ad_2]
Source link