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WTO, IMF raise concern over Trump’s reciprocal tariffs
Fresh US reciprocal tariffs along with those introduced since the year began could lead to global merchandise trade volumes contracting by around 1 per cent this year—a drop of nearly 4 pps from the previous projection, the WTO chief recently cautioned. Meanwhile, the IMF managing director said “they clearly represent a significant risk to the global outlook at a time of sluggish growth”.
Fresh US reciprocal tariffs along with those introduced since the year began could lead to global merchandise trade volumes contracting by around 1 per cent this year—a drop of nearly 4 pps from the previous projection, the WTO chief recently cautioned.
Meanwhile, the IMF managing director said “they clearly represent a significant risk to the global outlook at a time of sluggish growth”.
