New US tariffs: A threat to the global economy?

The new customs duties introduced by US President Donald Trump may have a serious impact on the international economic situation. The International Monetary Fund (IMF) has begun assessing the impact of these duties on the global economy and, in particular, on external markets.

IMF analyses and assessments

IMF official representative Julie Kozak announced at a briefing for journalists that the impact of the new duties is being studied. According to her, the Trump administration has made significant changes to its trade policy in recent weeks. For this reason, the fund has begun an in-depth analysis of the impact of these measures on the global economy.

"We are currently conducting this analysis. We will review all announcements, economic developments and data throughout this process," Kozak said.

Impact on Canada and Mexico

The new tariffs could have a particularly negative impact on close US trading partners such as Canada and Mexico. In addition, these restrictions are expected to have an impact on the European Union, Asia and other regions.

According to Kozak, the IMF will stop taking into account new data on US tariffs after a certain period of time and focus on analyzing existing data.

New US tariffs on cars

On March 26, Donald Trump announced the introduction of a 25% import tariff on all cars manufactured outside the US. The previously existing 2.5% tariff will also remain in place, resulting in a new tariff rate of 27.5%.

This measure poses a particularly serious threat to the European automotive industry and could lead European automakers into economic recession.

According to the Politico newspaper, these restrictions will seriously damage the already struggling European automotive industry. The sector is being negatively affected by low sales, strong competition from Chinese automakers, and existing trade restrictions.

The new tariffs imposed by the US could affect not only Canada and Mexico, but the entire global economy. The European Union's automotive industry is expected to suffer particularly badly. The IMF is continuing to assess the impact of these measures and is expected to publish a special report on the world economy in April.

Although the new tariffs were introduced to protect the US economy, this measure could increase tensions in international trade and strain economic relations with Europe and other countries. Follow “Zamin” news on “Telegram”