THE IMF on Wednesday called on the United States to work with trading partners and find ways to mutually ease trade curbs, as it issued a review of the world’s biggest economy.
The International Monetary Fund’s findings covered the first year of Donald Trump’s second presidency, in which he unleashed wide-ranging tariffs on allies and competitors alike as he sought to shrink the US trade deficit and boost domestic manufacturing. But his on-again, off-again tariffs have roiled supply chains and financial markets.
During the year, the Trump administration also sought to lower reliance on unauthorized immigrant workers and reduce the federal government’s role in the economy, the IMF noted. But the fund said Wednesday that Washington should work constructively with partners “to address concerns over unfair trade practices and agree on a coordinated reduction in trade restrictions and industrial policy distortions that have negative cross-border effects”.
AFP
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