“The WTO Director suggests that new duties declared US may lead to a reduction in world trade in goods by 1%”, – WRITE: www.radiosvoboda.org
“We still evaluate the macroeconomic consequences of the declared tariff measures, but they clearly pose a significant risk to global prospects during sluggish growth. It is important to avoid steps that can further harm the world economy, ”her statement said.
Georgieva called on the United States and their trading partners to work constructively on “solving trade tensions and reducing uncertainty.”
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She added that the IMF would share the results of its rating in the World Economic Outlook report, which will be published during the IMF and World Bank meetings in April.
The World Trade Organization has also extended the commentary director of the NGOZO ORGONGO-IIEAL, under which new duties declared in addition to the introduced at the beginning of the year, can lead to a reduction in the volume of world trade in goods by about 1% this year.
“I am deeply concerned about this fall and the possibility of growing into a customs war with a series of measures that will lead to a further fall in trade,”-said in the statement of Opego-Iveal, which is quoted by international agencies.
She believes that duties can create a significant reorientation of trade.
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US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.
The basic customs rate on import of all foreign goods to the United States will be 10%. It will be for the United Kingdom, Brazil, Australia, Turkey, Ukraine and many other countries. For EU countries, it will be 20%, for China – 34%, for South Korea – 25%, for Japan – 24%, for India – 26%.
Cambodia rates (49%), Vietnam (46%) and Sri Lanka (44%) are record.
