IMF Managing Director Kristalina Georgieva has urged nations not to impose tariffs, following US President Donald Trump’s latest measures
Speaking at a press briefing on Thursday, Georgieva said, “the largest economy in the world has chosen to use tariffs as an instrument in relations with partners.”
The IMF chief urged nations to adhere to “trade on the most favored nation rule,” adding that imposing tariffs “does not work well” unless the nation has a “very large” and “relatively closed”economy. She warned that nations which place tariffs on others will see prices rise domestically.