The IMF has taken aim at the Trump administration’s economic policies, attacking US tariffs and warning that the role of the country’s statisticians, supervisors and tax collectors needs to be respected.
The fund said in a statement that President Donald Trump should deploy “a different set of policies” to avoid the negative economic consequences of tariffs, following a round of meetings that formed part of the IMF’s check on the US economy.
Kristalina Georgieva, the fund’s managing director, said that while the fund shared the Trump administration’s concern about the size of the US’s trade deficit, tariffs had a “negative supply effect” and acted as “a headwind to even stronger growth”.
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