International Monetary Fund: U.S. tariff policy impacts the global macroeconomy

According to a report from Golden Finance, the International Monetary Fund stated on the 22nd local time that the U.S. Trump administration’s practice of imposing import tariffs on almost all trading partners may further significantly impact the global macro economy. The report pointed out that the U.S. tariff increases will reduce global demand in the short term, leading to a rise in import prices and further intensifying inflationary pressures. In addition, the uncertainty of tariffs may also weaken consumer and business confidence, exacerbating fluctuations in financial markets. The report noted that U.S. tariff increases could lead countries to respond to the increasingly severe trade imbalance by further raising trade barriers, resulting in a deepening of geopolitical economic divisions, which will have lasting damage to the global economy. (CCTV News)