IMF warns: Trump's tariffs pose a "significant risk" to the global economy

International Monetary Fund Managing Director Kristalina Georgieva warned that the new tariffs announced by US President Donald Trump on his country's imports pose a "significant risk" to the global economy. "It is important to avoid actions that could further damage the global economy," she said in a statement, as Washington's trading partners consider retaliatory measures in response to Trump's additional tariffs. "We are still assessing the macroeconomic implications of the announced tariffs, but they clearly pose a significant risk to the global outlook in a period of slow growth," Georgieva added, according to Agence France-Presse (AFP). "We urge the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty," she continued. Key US trading partners called for dialogue on Thursday, a day after Trump's massive trade offensive sent global stock markets tumbling and raised fears of dire consequences for the global economy.