The International Monetary Fund's Managing Director warned that Trump's surging tariffs are expected to weaken global economic growth and raise inflation, according to the Associated Press. The escalating trade war has caused global uncertainty, rattling markets and disrupting supply chains. While a global recession is not forecast, the IMF warned that the breakdown of trade cooperation is testing the world economy’s resilience. The IMF’s January projections anticipated moderating inflation and global growth this year. They are expected to shift due to Trump’s intensifying tariff campaign, especially against China.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02International Monetary Fund's Managing Director warned that President Trump's surging tariffs
00:06are expected to weaken global economic growth and raise inflation, and according to the Associated
00:11Press, the escalating trade war has caused a spike in global uncertainty, rattling markets
00:16and disrupting supply chains. While global recession is not forecast, the IMF warned that
00:22the breakdown of trade cooperation is testing the world's economy's resilience. The IMF's
00:27projections anticipated moderating inflation and global growth this year. They are now
00:32expecting a shift due to Trump's intensifying tariff campaign, especially against China.