The International Monetary Fund has warned that tensions surrounding US President Donald Trump's threats to impose trade tariffs will lead to higher borrowing costs in the long run and could increase the pressures facing the global economy in 2025.
“Global economic policy faces significant uncertainty in 2025, particularly in the trade policy of the world’s largest economy,” said IMF Managing Director Kristalina Georgieva, noting that “this uncertainty is actually expressed globally through higher long-term interest rates.”
Donald Trump has threatened to apply hefty tariffs on imports into the United States from its trading partners, including a 20 percent blanket tariff on all goods.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
