The IMF is worried about the new import taxes America just added. These changes came on April 2nd, when President Trump called for at least 10% extra costs on goods from other lands. He named this day "Liberation Day" during his announcement. Money experts fear these taxes might hurt businesses around the world.
The big money group asked countries to calm down trade fights through friendly talks instead. IMF leader Kristalina Georgieva said her team still looks at what these taxes mean for everybody. She thinks they create big dangers when world business already moves slowly. She asked America plus other countries to fix these problems together before things worsen.
The IMF plans to share what it learns about these taxes later. Their full report will be released during big meetings with the World Bank soon. They believe these trade fights make business people nervous about plans. Georgieva hopes countries can work as friends rather than enemies on trade matters.
These new rules worry experts because they occur during tough times already. Higher prices on imports often lead other nations to make similar rules against American goods. This back-and-forth can raise prices for regular shoppers everywhere. The IMF wants leaders to remember how connected all countries remain through buying and selling goods.
The big money group asked countries to calm down trade fights through friendly talks instead. IMF leader Kristalina Georgieva said her team still looks at what these taxes mean for everybody. She thinks they create big dangers when world business already moves slowly. She asked America plus other countries to fix these problems together before things worsen.
The IMF plans to share what it learns about these taxes later. Their full report will be released during big meetings with the World Bank soon. They believe these trade fights make business people nervous about plans. Georgieva hopes countries can work as friends rather than enemies on trade matters.
These new rules worry experts because they occur during tough times already. Higher prices on imports often lead other nations to make similar rules against American goods. This back-and-forth can raise prices for regular shoppers everywhere. The IMF wants leaders to remember how connected all countries remain through buying and selling goods.
