American customs duties are a threat to the global economy

The Director of the International Monetary Fund Crystalina Gorgieva warned on Thursday that the new customs duties announced by US President Donald Trump on his country’s imports posed a “great threat” to the global economy.
“It is important to avoid procedures that can harm the global economy,” she said in a statement.

Global markets

In addition, the US President stressed Thursday that “will flourish” as well as the American economy, despite sharp declines in global markets after announcing the imposition of customs duties on his country’s imports.

“The financial markets will flourish,” Trump told reporters while he was leaving the White House, heading to Florida in response to a question about the retreat of Wall Street and other stock exchanges.