International Monetary Fund: US tariff policy impacts global macroeconomics

The International Monetary Fund released a report on the 22nd local time, stating that the Trump administration's practice of imposing import tariffs on almost all trade 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 pressure. In addition, the uncertainty of tariffs may also weaken consumer and business confidence, exacerbate financial market volatility. The report suggests that the imposition of tariffs by the United States may lead countries to further raise trade barriers to address the increasingly severe trade imbalances, resulting in heightened geopolitical economic divisions, which will have long-lasting damage to the global economy.