US tariffs pose significant risk to global economy: IMF

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US import tariffs pose a "significant risk" to the global economy, IMF managing director Kristalina Georgieva warned.

"We are still assessing the macroeconomic implications of the announced tariff measures … It is important to avoid steps that could further harm the world economy,” Bloomberg reported, citing Georgieva.

Global markets were hit by Trump’s announcements. The S&P 500 posted the biggest drop since June 2020.