IMF Highlights Tariff Impacts on Asia’s Economic Future
The International Monetary Fund recently discussed the potential impacts of tariffs on economic growth in Asia. Thomas Helbling, deputy director of the IMF’s Asia and Pacific Department, commented that the economic damage would not be as severe if global trade can revert to clear rules. Lowering tariffs or striking new trade deals could worsen the situation, indicating the importance of maintaining stable trade practices. If businesses navigate these uncertainties wisely, Asia’s economic landscape might remain more resilient than expected.