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Too early to see impact of US tariffs on world economy, IMF head says
Published by Global Banking & Finance Review®
Posted on February 11, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 11, 2025
2 min readLast updated: January 26, 2026
IMF's Georgieva states it's too early to assess US tariffs' impact on the global economy, citing trade policy uncertainties and resilience despite shocks.
DUBAI (Reuters) - U.S. tariffs are an "evolving story" and it is too early to assess their impact on the world economy, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday.
"It is an evolving story... What we have are elements of trade policy that we expected would come, that was announced in the election campaign, but there are many, many unknowns", she told the World Government Summit in Dubai.
"So when I think of the impact on the world economy, my answer to you would be today, it's too early to say."
Georgieva said the world economy appeared remarkably resilient, despite a series of unprecedented shocks.
The outlook for inflation was hard to predict, she suggested.
"Even on that, we just need to see how things evolve. Because if we are in the situation in which, in some parts of the world, there is a slowdown that may push central banks to bring interest rates down, that may actually not be inflationary."
U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25%, a move he hopes will aid the struggling industries in the United States but which also risks sparking a multi-front trade war.
(Reporting by Federico Maccioni and Yousef Saba, Writing by Clauda Tanios; Editing by Aidan Lewis)
The article discusses the uncertainty of the impact of US tariffs on the global economy as stated by IMF's Kristalina Georgieva.
Kristalina Georgieva suggested that the outlook for inflation is hard to predict and depends on evolving economic conditions.
The US recently raised tariffs on steel and aluminum imports to a flat 25%.
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