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IMF Warns US Fiscal, Trade Policies Create Risks To Global Economy

IMF warns US fiscal, trade policies create risks to global economy

President Donald Trump's aggressive trade policies and expansive tax cuts at a time when the US economy is growing are creating risks that could damage the domestic and global economies, the International Monetary Fund warned Thursday.

Washington, (UrduPoint / Pakistan Point News - 14th Jun, 2018 ) :President Donald Trump's aggressive trade policies and expansive tax cuts at a time when the US economy is growing are creating risks that could damage the domestic and global economies, the International Monetary Fund warned Thursday.

While the tax cuts generate a near-term boost to growth, they also "will elevate the risks to the US and global economy," and increase the size of those risks, the IMF saidMeanwhile, punitive import duties the US has imposed and threatened could harm the world economic recovery by prompting retaliation and interrupting global supply chains, it said.

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