International Monetary Fund: US tariff policies impact global macroeconomy

Golden Finance reported that the International Monetary Fund released a report on the 22nd local time stating that the Trump administration's imposition of import tariffs on almost all trading partners may further have a significant impact on the global macroeconomy. The report points out that the imposition of tariffs by the United States will reduce global demand in the short term, leading to an increase in import prices and further exacerbating inflationary pressures. In addition, the uncertainty of tariffs may weaken consumer and business confidence and exacerbate financial market volatility. The report points out that the imposition of tariffs by the United States may lead countries to further raise trade barriers to address the increasingly severe trade imbalance, thereby exacerbating geopolitical and economic divisions, which will cause lasting damage to the global economy. (CCTV News)