IMF warns Trump tariffs to hit US, global economies

FE Team | Published: March 03, 2018 22:59:33

WASHINGTON, Mar 3: The International Monetary Fund warned Friday that the steel and aluminum tariffs announced by President Donald Trump would harm the US and global economies. "The import restrictions announced by the US President are likely to cause damage not only outside the US, but also to the US economy itself," IMF spokesman Gerry Rice said in a statement. He said the move raises fears other countries could use national security rationale "to justify broad-based import restrictions," and urged countries to work to resolve trade disagreements without such extremes. — AFP