financetom
Economy
financetom
/
Economy
/
IMF assessing Trump tariff plans but does not see US recession
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IMF assessing Trump tariff plans but does not see US recession
Mar 27, 2025 8:30 AM

WASHINGTON (Reuters) -The International Monetary Fund is continuing to assess the impact of President Donald Trump's tariff plans, including his new 25% autos tariffs, but the IMF's baseline forecasts do not envision a U.S. recession, IMF spokesperson Julie Kozack said on Thursday.

Kozack, asked about Trump's tariff plans at a regular IMF press briefing, said if sustained, the duties imposed on goods from Canada and Mexico would have a "significant adverse effect" on their economic outlooks, but declined to provide specific details. The IMF is continuing to assess the impacts of Trump's various tariff announcements on other regions, she said.

Many of these will be incorporated into the IMF's next World Economic Outlook forecasts, due the week of April 21, and Kozack said the report will clearly state which actions are included in the Fund's assessments of economic growth and inflation.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Janet Yellen Predicts 'Soft Landing' For US Economy Despite Job Growth Concerns: 'We're Not Seeing Meaningful Layoffs'
Janet Yellen Predicts 'Soft Landing' For US Economy Despite Job Growth Concerns: 'We're Not Seeing Meaningful Layoffs'
Sep 8, 2024
Amid concerns over the U.S. labor market, Treasury Secretary Janet Yellen has reassured the public about the economy’s resilience, despite recent weak job reports. What Happened: Yellen assured the public of the U.S. economy’s strength, despite recent weak job reports. Speaking at the Texas Tribune Festival in Austin, Yellen said, “We’re seeing less frenzy in terms of hiring and job...
Economic worries back on Wall Street's radar after jobs data
Economic worries back on Wall Street's radar after jobs data
Sep 6, 2024
NEW YORK (Reuters) -Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled on Friday after closely watched jobs data showed labor market momentum slowing more than expected, suggesting a narrower...
Daily Roundup of Key US Economic Data for Sept. 9
Daily Roundup of Key US Economic Data for Sept. 9
Sep 10, 2024
03:10 PM EDT, 09/09/2024 (MT Newswires) -- July wholesale inventories were revised down to a 0.2% increase from a 0.3% gain in the advance reading, compared with expectations for no revision. At the same time, wholesale sales increased by 1.1%, faster than a 0.3% gain expected, with petroleum sales up 3.9%. Combined with already released data for the retail and...
Biden Administration Says Unemployment Is Low — But Do Americans See It That Way?
Biden Administration Says Unemployment Is Low — But Do Americans See It That Way?
Sep 7, 2024
In August, the Biden administration reported a drop in the unemployment rate to 4.2%, indicating that the labor market remains resilient despite weaker-than-expected employment growth. This has tempered expectations for a major Federal Reserve rate cut this month. However, rising public skepticism toward government data complicates the picture. Recent data from Google Trends shows that searches for terms like “unemployment”...
Copyright 2023-2025 - www.financetom.com All Rights Reserved