Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • 100-Year-Old Man Breaks World Record for ‘Longest Career in the Same Company,’ Shares Life Lesson
    • Fewer Americans are reading for fun, study finds – is screen time displacing books everywhere?
    • ‘Stop killing women’: Australian mother vows to be voice for slain daughter | Crime News
    • Former MVP faces battle to remain in the NBA
    • Contributor: L.A. needs transparency on short-term rentals to crack down on tax evasion
    • Trump’s global tariffs are unlawful, appeals court says
    • Videos: Synchronized Dancing Robots, Dorm Movers, More
    • Top CDC Officials Resign After Director’s Ouster
    Prime US News
    • Home
    • World News
    • Latest News
    • US News
    • Sports
    • Politics
    • Opinions
    • More
      • Tech News
      • Trending News
      • World Economy
    Prime US News
    Home»World Economy»Threat of Trump tariffs adds to global economic uncertainty, IMF warns
    World Economy

    Threat of Trump tariffs adds to global economic uncertainty, IMF warns

    Team_Prime US NewsBy Team_Prime US NewsJanuary 11, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Unlock the White Home Watch publication totally free

    Your information to what the 2024 US election means for Washington and the world

    The IMF has warned that jitters surrounding Donald Trump’s menace to impose commerce tariffs have been driving up longer-term borrowing prices and would add to pressures going through the worldwide economic system in 2025.

    Talking to reporters in Washington on Friday, IMF managing director Kristalina Georgieva stated world financial coverage confronted “numerous uncertainty” in 2025, notably across the commerce coverage of the world’s largest economic system. 

    “That uncertainty is definitely expressed globally by greater long-term rates of interest,” Georgieva stated, though she famous that short-term rates of interest have gone down.

    Donald Trump was swept again into the White Home promising to use steep tariffs to imports to the US from its buying and selling companions, together with a blanket 20 per cent tariffs on all items.

    He has additionally threatened to hit Canada and Mexico — now the US’s largest buying and selling companion — with tariffs of 25 per cent, and apply an additional 10 per cent on to Chinese language items, probably heralding the beginning of a brand new period of world commerce wars.

    US allies are nervously ready to see whether or not the president-elect has the urge for food to right away apply the blanket tariffs when he’s inaugurated as president on January 20, or whether or not he’ll maintain off and take a extra measured strategy that hits particular sectors. 

    Together with commerce coverage, Georgieva stated there was “eager curiosity globally” within the broader financial coverage selections of the incoming Trump administration, together with on taxes and its deregulatory agenda. 

    The commerce coverage impacts shall be particularly felt by nations which are “extra built-in into the worldwide provide chain”, Georgieva stated, and in Asia. 

    Georgieva previewed a few of the IMF’s forthcoming World Financial Outlook for 2025, to be printed subsequent week, indicating that world progress is “holding regular”. 

    Nonetheless, inside the general image, US financial progress was doing “fairly a bit higher than we anticipated”, whereas the EU was “considerably stalling,” she stated.

    Really useful

    China confronted deflationary pressures and home demand challenges, whereas low-income nations have been “able the place any new shock can have an effect on them fairly negatively,” she added. 

    In 2025, nations will nonetheless be going through the legacy of excessive borrowing throughout Covid, and would want to hold out fiscal consolidation to place public debt “on a extra sustainable path”, she stated. 

    “It has confirmed very troublesome for fiscal coverage to behave promptly, given public sentiments, and that takes us to what’s our principal problem on the fund — and it’s tackling this low progress, excessive debt conundrum,” she stated.

    She added that as US inflation was shifting in the direction of the Federal Reserve’s goal and new information confirmed a strong jobs market, the Fed might anticipate extra information earlier than making additional price cuts.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleChinese Navy Reveals a Naval Artificial Intelligence “Dreadnaught” Moment | The Gateway Pundit
    Next Article 4 Takeaways From the Arguments Before the Supreme Court in the TikTok Case
    Team_Prime US News
    • Website

    Related Posts

    World Economy

    The Sovereign Debt Crisis Unfolding In Europe

    August 29, 2025
    World Economy

    The Sixteen Thirty Fund – Hidden Online Propaganda

    August 29, 2025
    World Economy

    Security Guarantees For Ukraine – EU Prepares To Enter War

    August 29, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Most Popular

    Protesters in Tel Aviv say government responsible for captives’ fate | Israel-Palestine conflict News

    March 29, 2025

    Caitlin Clark snubs rival Angel Reese during WNBA All-Star Draft

    July 9, 2025

    FTAV Q&A: Freya Beamish

    June 21, 2025
    Our Picks

    100-Year-Old Man Breaks World Record for ‘Longest Career in the Same Company,’ Shares Life Lesson

    August 30, 2025

    Fewer Americans are reading for fun, study finds – is screen time displacing books everywhere?

    August 30, 2025

    ‘Stop killing women’: Australian mother vows to be voice for slain daughter | Crime News

    August 30, 2025
    Categories
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • US News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Primeusnews.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.