IMF: Protectionist trade policies like America’s threaten global economy

Published July 24, 2018 2:34pm ET



Protectionist trade policies, such as the growing array of import tariffs imposed by the Trump administration, risk undermining global economic growth, the International Monetary Fund warned Tuesday, joining a chorus of manufacturers, members of Congress, and economists who have made similar arguments.

Nations with trade surpluses as well as those with trade deficits “should work toward reviving liberalization efforts and strengthening the multilateral trading system,” the organization, which works to buoy global trade and can provide emergency loans, said in its seventh External Sector Report on Wednesday.

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