IMF discounts Trump tariff recession threat
Government
The expectation of sweeping levies is creating uncertainty but unlikely to trigger a recession, the financial body’s managing director has said US President Donald Trump’s push for tariffs is fueling significant uncertainty and undermining confidence about the global economy, but it’s unlikely to cause a recession in the near future, the head of the IMF has told Reuters. Trump is expected to announce “reciprocal tariffs” on Wednesday, targeting countries that levy tariffs on American products
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