The International Monetary Fund (IMF) has warned the Trump administration's move to impose tariffs on allies and China could undermine the global trading system.
Key quotes (Source: Reuters, Kuwait News Agency)
"Unilateral trade actions can be disruptive and may even prove counterproductive to the functioning of the global economy and trading system"
"What is more critical and more difficult to factor in at the moment ... is the actual impact on confidence"
"These measures are likely to move the globe further away from an open, fair and rules-based trade system, with adverse effects for both the US economy and for trading partners"
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.