IMF assessing Trump's tariff plans, does not see US recession

The International Monetary Fund is continuing to assess the impact of President Donald Trump's tariff plans, including his new 25 per cent auto tariffs, but the global lender's baseline forecasts do not envision a US recession, IMF spokesperson Julie Kozack said on Thursday.

Kozack, asked about Trump's tariff plans during a regular IMF press briefing, said the duties imposed on goods from Canada and Mexico, if sustained, would have a "significant adverse effect" on those countries' economic outlooks, but declined to provide specific details.

The IMF is continuing to assess the impacts of Trump's various tariff announcements on other regions, she said.

Many of these assessments will be incorporated into the IMF's next World Economic Outlook forecasts, due to be released in late April, and Kozack said the report will clearly state which actions are included in the assessments of economic growth and inflation.

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