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Tag: Section 232 trade authority
Unleashing the Most Disruptive Trade Shift: How U.S. Tariffs Triggered the Worst IMF Forecast Revision in Years
In April 2025, the International Monetary Fund (IMF) significantly downgraded its forecast for U.S. economic growth, projecting a slowdown to 1.8% for the year, a notable decrease from the previous estimate of 2.7%. This revision is largely attributed to escalating trade tensions following the implementation of tariffs by the U.S. administration. The IMF also raised its U.S. inflation forecast to approximately 3%, about a one-percentage-point increase from earlier projections. (Investopedia)
Trump Unleashes the Most Disruptive Tariff Shock of the Decade: IMF Sounds Global Economic Alarm
On April 22, 2025, the International Monetary Fund (IMF) issued a grim warning that sent ripples through financial markets and global policymaking communities: the sweeping tariff increases initiated by former U.S. President Donald Trump had unleashed what it termed a "major negative shock" to the global economy. This dramatic development, paired with downgraded growth forecasts for nearly every major economy—including the United States, United Kingdom, and numerous developing countries—ushers in a critical juncture in trade policy, international economic law, and global governance.