IMF Warns: Trump’s Tariffs Pose “Serious Risk” to Global Economy

International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Thursday that the new tariffs announced by U.S. President Donald Trump on imports pose a “serious risk” to the global economy.

In a statement, she said, “It is important to avoid actions that could further harm the global economy,” as Washington’s trade partners consider retaliatory measures in response to the additional tariffs announced by Trump on Wednesday.

Georgieva added, “We are still assessing the macroeconomic implications of the announced tariff measures, but they clearly represent a significant risk to global outlook at a time of sluggish growth,” according to AFP.

She continued, “We urge the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty.”