Dubai (Reuters)-United States tariffs are a “developing history” and it is too early to evaluate its impact on the world economy, said the director-managing director of the International Monetary Fund (IMF), Kristalina Georgieva, on Tuesday .
“It’s a developing story … What we have are elements of commercial policy that we expected to come, that were announced in the election campaign, but there are many, many unknowns,” she told the world summit of governments in Dubai.
“So when I think about the impact on the world economy, my answer to you would be: today, it’s too early to say.”
Georgieva said the world economy seems notably resilient, despite a series of unprecedented shocks.
She suggested that the prospects for inflation are difficult to predict.
“Even with this, we just need to see how things evolve. Because if we are in a situation where in some parts of the world there is a slowdown that can lead central banks to reduce interest rates, it may actually not be inflated. ”
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US President Donald Trump has substantially increased tariffs on steel and aluminum imports on Monday to 25%, a measure that he expects to help the country’s industries, but also risks triggering a trade war on several fronts.
