The International Monetary Fund (IMF) is still assessing the macroeconomic implications of the tariff measures announced by the US Government, IMF Managing Director Kristalina Georgieva said.
Issuing a statement, Georgieva said the US Tariffs clearly represent a significant risk to the global outlook at a time of sluggish growth.
“It is important to avoid steps that could further harm the world economy. We appeal to the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty,” the IMF Managing Director added.
Georgieva further said the IMF will share the results of its assessment in the World Economic Outlook, which will be published at the time of the IMF/World Bank Spring Meetings later this month.
The statement comes as the Donald Trump-led US Government recently imposed reciprocal tariffs on several countries, including Sri Lanka.
A 44% tariff was imposed on Sri Lankan goods by the United States under President Donald Trump’s revised trade policy.
The move, described by the U.S. as a reciprocal measure in response to what it claims are Sri Lanka’s 88% trade barriers on American goods, places Sri Lanka among the countries facing the highest tariff rates globally.
The United States has long been Sri Lanka’s most important export destination, accounting for 23% of total merchandise exports in 2024. Of nearly 3 billion in exports to the U.S. last year, the vast majority—over 70%—came from the apparel sector. (Newswire)
