IMF says won’t assess Trump’s tariff, tax-cut plans until details emerge
2024.11.21 11:10
WASHINGTON (Reuters) – The International Monetary Fund will assess U.S. President-elect Donald Trump’s tariff and tax-cut policies as details emerge, but it’s “too early to speculate” on their potential impacts, IMF spokesperson Julie Kozack said on Thursday.
Kozack told the first regular press briefing since Trump’s Nov. 5 election that it was still “early days” for his economic plans to take shape. Trump takes office Jan. 20.
Trump has vowed to impose tariffs of 60% on Chinese imports into the U.S. and duties of 10-20% on goods from elsewhere. Trump also wants to extend expiring 2017 tax cuts and enact new tax breaks, which budget forecasters say could add new debt of $7.5 trillion over 10 years.
“The exact impact of any of these policies is very much going to depend on the details and that’s why we will wait to see the details before we make our assessment,” Kozack said.
