Too early to evaluate U.S. tariffs’ influence on world financial system, IMF managing director says

DUBAI (Reuters) – U.S. tariffs are an “evolving story” and it’s too early to evaluate their influence on the world financial system, Worldwide Financial Fund Managing Director Kristalina Georgieva stated on Tuesday.

She informed the World Authorities Summit in Dubai that the world financial system appeared remarkably resilient regardless of a sequence of unprecedented shocks.

U.S. President Donald Trump considerably raised tariffs on metal and aluminum imports on Monday to a flat 25% “with out exceptions or exemptions” in a transfer he hopes will help the struggling industries in america however which additionally dangers sparking a multi-front commerce battle.

(Reporting by Federico Maccioni and Yousef Saba, Writing by Clauda Tanios)