The IMF assesses the global impact of Trump’s tariffs

The International Monetary Fund (IMF) is actively evaluating the impact of tariff measures proposed by President Donald Trump, including a 25% tariff on cars. An article by Reuters stressed that while these tariffs may adversely affect the economic outlook for Canada and Mexico, the IMF’s baseline forecasts do not predict a U.S. recession. According to International Monetary Fund spokesman Julie Kozack, these tariffs, if continued, could have a “significant adverse impact” on the economies of these neighbors.

As the IMF continues to evaluate, many of these impacts will be reflected in its upcoming world economic outlook forecast, which is scheduled to be released on April 21. Kozack stressed that the report will provide a detailed overview of what tariff actions are considered in the IMF’s assessment of the growth and inflation of the IMF. Meanwhile, data from the Indexbox platform suggests that the automotive industry may face significant challenges, potential disruptions in trade flows and increased costs for consumers and manufacturers.

Source: Index Box Market Intelligence Platform