FX.co ★ IMF Warns of Rising Uncertainty as Trump Expands Global Tariffs

The International Monetary Fund (IMF) announced on Thursday that it is keeping a close watch on the recent U.S. tariff proclamations, highlighting persistent global economic uncertainties. The organization urged nations to collaborate constructively in maintaining a stable trade environment. The IMF plans to elaborate further in its forthcoming update to the April World Economic Outlook, expected later in July. This announcement comes in the wake of President Trump's decision to intensify the trade conflict by imposing 50% tariffs on U.S. copper imports and Brazilian goods, alongside increased tariffs on goods from 21 other countries, all effective from August 1. "Developments related to trade are constantly changing, and uncertainty remains significant," an IMF representative informed Reuters. U.S. officials assert that the tariffs have not caused an uptick in inflation, claiming that recent tax reductions will counterbalance any short-term adverse impacts. In April, the IMF lowered its growth projections for the U.S., China, and several other countries, cautioning that heightened trade tensions and tariffs, now at unprecedented levels, are additional threats to global economic expansion.