The International Monetary Fund (IMF) has indicated that the long-term effects of Trump’s tariffs will negatively impact the global economy, as stated by the IMF’s chief economist, Pierre-Olivier Gourinchas. The organization has also revised down its growth projections for the UK, attributing this adjustment to both the tariffs and various domestic factors affecting the UK economy. Additionally, the IMF has warned that these tariffs are straining the global financial system and could lead to a significant negative shock.
