Trump will heighten global economic uncertainty, according to the Financial Times.

The trade war initiated by newly elected U.S. President Donald Trump will heighten global economic uncertainty. The International Monetary Fund (IMF) is concerned about his plans to impose tariffs on imports from other countries. Specifically, this includes a 25% tariff on goods from Canada and Mexico, along with an additional 10% for China.

As reported by Financial Times.

IMF Managing Director Kristalina Georgieva stated that the threat of a trade war from the U.S., the world's largest economy, will exacerbate the already high levels of uncertainty in 2025.

According to her, this uncertainty is already reflected in the rise of long-term interest rates, while short-term rates are decreasing. She added that the repercussions of the new trade policy will particularly impact countries that are deeply integrated into global supply chains, as well as the Asian region as a whole.

The publication noted that allies are anxiously awaiting the new U.S. president's decisions regarding tariffs. It is currently unclear whether these will be implemented immediately after the inauguration on January 20 and whether they will be comprehensive or affect specific sectors under a measured approach. Additionally, other aspects of the Trump administration's policy, including promised deregulation, are generating significant interest worldwide.

Georgieva also shared preliminary information from the upcoming IMF report on the state of the global economy (World Economic Outlook) for 2025. She mentioned that global economic growth remains "stable." She added that in the U.S., economic growth exceeds expectations, while in the EU, it has "somewhat stalled." The complete report will be presented next week.

Background. Earlier, Mind reported that the reserves of the U.S. banking system, a key factor in the Federal Reserve's decision regarding further balance sheet reductions, have fallen to below $3 trillion, the lowest level since October 2020.

Meanwhile, Ukraine is confidently winning the economic war against Russia. The Ukrainian economy has adapted to the war, forecasting GDP growth in 2024-2025.