UNITED STATES (El Universal and EFE).— The general director of the International Monetary Fund (IMF), Kristalina Georgievasaid that new tariffs on imports in USA They could generate price increases that would especially impact low-income families.
The two candidates for the US presidential elections on November 5, the former president Donald Trump and the vice president Kamala Harrishave been in favor of this policy.
Tariffs “drive prices up”
At a time when we are still fighting to lower inflation, it is highly desirable that we do not generate new factors to boost prices,” Georgieva said during an interview with CNBC.
He highlighted that when a country is subject to tariffs, “there is a 75% probability” of trade retaliation.
“What we see is a risk that prices in the United States will increase, (and) affect consumers, especially poor families. There is also a risk that American companies will be hit by retaliatory measures,” Georgieva warned.
The United States is emerging from a period of strong inflation, like the rest of the world, a consequence of the consumer boom following the Covid-19 pandemic and the reactivation of the global economy.
important meeting
He International Monetary Fund (IMF) and the World Bank met this weekend at Bretton Woods (New Hampshire) to maintain a cycle of debates on the state of both institutions on the 80th anniversary of their birth in that same place.
In a call with journalists this Monday, British diplomat Mark Malloch Brown, one of the external advisors of this process, explained that the meeting in Bretton Woods served “as a kind of general health review of both institutions.”
The president of the World Bank, Ajay Banga, and the managing director of the Fund, Kristalina Georgieva, participated in the meeting, held on Thursday and Friday of last week.
Guests discussed a changing world, with challenges very different from those of 1944 and the need to invest trillions to transition to a green energy economy.
#Warning #United #States #Diario #Yucatán
