The Washington-based organisation said tariffs trigger tit-for-tat trade wars that impoverish the economies involved in the dispute and the wider global economy.
It said there had been a very sharp increase in the number of trade-distorting measures implemented by countries over the past five years, from 1,000 in 2019 to 3,000 today, and that a fresh round of tariffs would create further harm.
Pierre-Olivier Gourinchas, the IMF's chief economist, said: "There is definitely a direction of travel here that we are very concerned about, because a lot of these trade-distorting measures could reflect decisions by countries that are self-centred and could be ultimately harmful not only to the global economy ... but also hurtful for the countries who implement them as well."
Bu hikaye The Guardian dergisinin October 23, 2024 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin October 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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