Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

IMF Warns: U.S. Trade Sanctions on China Could Backfire on Economy

Daniel Kim Views  

Yonhap News

The International Monetary Fund (IMF) has pointed out that trade sanctions against China negatively impact both the global and U.S. economies.

In a statement issued on June 27 following its annual consultation with the U.S., the IMF noted that the U.S. fiscal deficit is substantial enough to cause a continuous increase in the public debt ratio to Gross Domestic Product (GDP).

The IMF noted, “The ongoing expansion of trade restrictions and insufficient progress in addressing the vulnerabilities highlighted by the 2023 bank failures both pose important downside risks.”

Regarding trade policy, the IMF stated, “The U.S. should actively engage with its major trading partners to address the core issues—including concerns over unfair trade practices, supply chain fragilities, and national security—that risk undermining the global trade and investment system.”

The IMF criticized tariffs and non-tariff barriers for distorting trade and investment flows, which is detrimental to U.S. economic growth.

Meanwhile, according to Reuters, Kristalina Georgieva, the IMF’s Managing Director, predicted at a press conference that day that U.S. inflation would fall to the Federal Reserve’s (Fed) target level of 2% by mid-2025.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • U.S. vs. China: How Biden's New Rule Crashed the NASDAQ
  • SpaceX and X to Call Texas Home, Musk Blames California Law
  • Cathie Wood Bets Big on Nuclear Future, Invests $2.4 Million in Oklo
  • Elon Musk's Public Support for Trump Sends Tesla Shares Skyrocketing
  • Trump Shooting Caused 10% Surge in Chinese Tech Company
  • Trump Media Soars 50% After Rally Shooting Incident

Weekly Best Articles

  • Armani and Dior Under Investigation for Worker Exploitation in Italy
  • How Microsoft and Google Are Helping China Bypass U.S. Chip Export Controls
  • North Korea Drops Trash Balloons Across the Border for the 8th Time This Year
  • Kim Jong Un Meets Russian Deputy Defense Minister to Boost Military Ties
  • Biden Dropping Out? Pelosi Hints at a Shocking Election Decision
  • ‘It’s Spreading Rapidly’: Alarming New Disease That Has Experts Worried
  • China Faces ‘Death Peak’: 19 Million Annual Deaths by 2061
  • Cancer-Causing Chemicals Found in Women’s Underwear from Shein — Shocking New Report
  • How a Chinese Tycoon Turned Whistleblower Became America’s Most Wanted Fraudster
  • U.S. vs. China: How Biden’s New Rule Crashed the NASDAQ
  • Eric Trump Reveals the Painful Truth About His Father’s Bullet Wound
  • U.S.-China Arms Control Talks Frozen Amid Taiwan Weapon Sale Dispute

You May Also Like

  • 1
    Don Jr. Says Shooting Incident Transformed His Father's Approach

    WORLD 

  • 2
    Biden Goes into Isolation: COVID-19 Halts President's Nevada Campaign Plans

    LATEST 

  • 3
    China Could Invade Taiwan in Days, Japanese Report Warns

    ASIA 

  • 4
    Ex-CIA Analyst Charged with Illegal Activities for South Korea

    LATEST 

  • 5
    Israeli Army to Draft Ultra-Orthodox Starting Sunday — Chaos Ensues

    WORLD 

Popular Now

  • 1
    BTS Jimin to Perform New Single 'Who' Live on The Tonight Show

    ENTERTAINMENT 

  • 2
    North Korean Mines Disguised as Leaves Could be Heading to South Korea

    ASIA 

  • 3
    Meteor Blasts Across New York, Causing Explosive Sounds and Panic

    WORLD 

  • 4
    Chinese Companies Caught Forcing Pregnancy Tests on Job Applicants

    DEBATE 

  • 5
    From $5 to $11: Venice Increases Entrance Fees to Battle Tourist Invasion

    LIFESTYLE 

Weekly Best Articles

  • Armani and Dior Under Investigation for Worker Exploitation in Italy
  • How Microsoft and Google Are Helping China Bypass U.S. Chip Export Controls
  • North Korea Drops Trash Balloons Across the Border for the 8th Time This Year
  • Kim Jong Un Meets Russian Deputy Defense Minister to Boost Military Ties
  • Biden Dropping Out? Pelosi Hints at a Shocking Election Decision
  • ‘It’s Spreading Rapidly’: Alarming New Disease That Has Experts Worried
  • China Faces ‘Death Peak’: 19 Million Annual Deaths by 2061
  • Cancer-Causing Chemicals Found in Women’s Underwear from Shein — Shocking New Report
  • How a Chinese Tycoon Turned Whistleblower Became America’s Most Wanted Fraudster
  • U.S. vs. China: How Biden’s New Rule Crashed the NASDAQ
  • Eric Trump Reveals the Painful Truth About His Father’s Bullet Wound
  • U.S.-China Arms Control Talks Frozen Amid Taiwan Weapon Sale Dispute

Must-Reads

  • 1
    Don Jr. Says Shooting Incident Transformed His Father's Approach

    WORLD 

  • 2
    Biden Goes into Isolation: COVID-19 Halts President's Nevada Campaign Plans

    LATEST 

  • 3
    China Could Invade Taiwan in Days, Japanese Report Warns

    ASIA 

  • 4
    Ex-CIA Analyst Charged with Illegal Activities for South Korea

    LATEST 

  • 5
    Israeli Army to Draft Ultra-Orthodox Starting Sunday — Chaos Ensues

    WORLD 

Popular Now

  • 1
    BTS Jimin to Perform New Single 'Who' Live on The Tonight Show

    ENTERTAINMENT 

  • 2
    North Korean Mines Disguised as Leaves Could be Heading to South Korea

    ASIA 

  • 3
    Meteor Blasts Across New York, Causing Explosive Sounds and Panic

    WORLD 

  • 4
    Chinese Companies Caught Forcing Pregnancy Tests on Job Applicants

    DEBATE 

  • 5
    From $5 to $11: Venice Increases Entrance Fees to Battle Tourist Invasion

    LIFESTYLE 

Share it on...