U.S. Tariffs an "Evolving Story," Says IMF
DUBAI, UAE - U.S. tariffs are an "evolving story," and it is too early to assess their impact on the global economy, according to International Monetary Fund Managing Director Kristalina Georgieva.
Speaking at the World Government Summit in Dubai, Georgieva highlighted the resilience of the global economy despite a series of unprecedented shocks. However, she noted that U.S. President Donald Trump's recent decision to impose substantial tariffs on steel and aluminum imports is a risk factor.
The 25% tariffs, which took effect on Monday, are intended to support struggling industries in the United States. However, they have also raised concerns about a potential trade war.