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IMF Says US Tariffs Risk ‘Significant’ Hit to Canada, Mexico - BLOOMBERG
- Fund seeing increased global uncertainty, financial volatility
- Households, firms may withhold spending amid uncertainty
The IMF warned Canada and Mexico are vulnerable to “significant adverse economic impact” if President Donald Trump sustains tariffs on those countries given their exposure to US markets.
Trump’s plans to use tariffs against its closest trading partners, as well as China and others, is already causing increased financial volatility and global uncertainty, International Monetary Fund spokeswoman Julie Kozack said Thursday during a regular press briefing.
