IMF Scrutinizes US Trade Deals with Japan and EU
The International Monetary Fund is examining recent U.S. trade agreements with Japan and the EU to evaluate their economic impact. While these high-level deals are not yet fully developed, the IMF noted that tariffs within these agreements align closely with current U.S. tariff rates.
The International Monetary Fund is closely examining recent trade agreements that the United States has concluded with Japan and the European Union to gauge their economic impact. This was revealed by Pierre-Olivier Gourinchas, Chief Economist and Director of the IMF's Research Department.
Gourinchas noted that these newly announced trade deals are high-level agreements that still require further development. "We will have to see how things are unfolding," he stated, suggesting that it's crucial to determine if these agreements will hold firm or should anticipate changes in trade policy.
Despite being in the early stages, the tariffs agreed upon are similar to the existing U.S. tariff rates, which were considered in the IMF's recent update to the World Economic Outlook. The IMF's analysis will be pivotal in understanding the potential global economic implications of these deals.
(With inputs from agencies.)
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