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IMF predicts hit to global GDP from tariffs

The IMF said tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020 and cause more losses later.

The Port of Baltimore
The Port of Baltimore, one of the major U.S. ports where Trump’s tariffs have disrupted traditional trade flows (AN/Bob Nichols)

WASHINGTON (AN) — The International Monetary Fund said on Thursday that tariffs imposed or threatened by the United States and China could reduce global economic output by 0.8% in 2020, and lead to more losses for years after that.

IMF spokesman Gerry Rice told a regular press briefing that rising geopolitical and trade tensions are weighing on the global economy.

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