The US government has occupied its trading partners with considerable import duties. Especially in times of a more stagnating economy, the dangers are warning, warn IMF and WTO.
The comprehensive US tariffs are a significant risk for the global economy. The International Monetary Fund (IMF) warns against this. The managing director of the Crystalina Georgieva organization said: “We are still evaluating the macroeconomic effects of the announced customs measures, but they clearly represent a considerable risk of global views in a time sluggish”.
It is important to avoid steps that could continue to harm the global economy, according to the IMF boss. She appealed to the USA and its trading partners to work constructively on the breakdown of the tensions. The IMF will announce its assessment of the announced tariffs in the publication of an update of his global economic outlook during the conference from April 21 to 26 in Washington, in which the members and shareholders of IMF and World Bank come together, added Georgieva.
WTO rules continue to apply
The world trade organization (WTO) also warned of the dangers. She fears a decline in global goods by one percent due to the planned and already introduced US tariffs. This corresponds to a correction of the current forecast by four percentage points, said WTO boss Ngozi Okonjo-Iweala in Geneva. She said deeply concerned. The situation could escalate to an customs war with possible retaliation measures, which then further affects the trade.
Okonjo-iWeala recalled that the majority of the world trade continue to take place according to the negotiated WTO rules. This trade is around 74 percent after 80 percent at the beginning of the year – before the occurrence of US President Donald Trump. “Commercial measures of this size have the potential to lead to significant diversions of the trading currents,” she also warned.
“Trump has one Problem of understanding “
The US customs measures are incomprehensible worldwide. “Trump has a problem of understanding. His customs policy is completely contrasting to economic assumptions and principles,” said Moritz Krämer, chief economist of the Landesbank Baden Württemberg (LBBW) in the update economy Tagesschau24. Only in the White House will the thesis maintain that the United States benefited from the tariffs.
