28 March | Dollar

International Monetary Fund warns of damage new tariffs impose on US GDP growth

International Monetary Fund warns of damage new tariffs impose on US GDP growth

The International Monetary Fund (IMF) expects a slowdown in US gross domestic product (GDP) growth this year as a result of new import duties. 

However, according to analysts of the organization, the probability of recession in the foreseeable future is still low.

According to Director of the Communications Department of the IMF Julie Kozack, recent changes in economic policy and current US data indicate a decline in business activity after a period of strong growth in 2024. Nevertheless, a recession is not considered to be part of the basic scenario.

Since taking office, US President Donald Trump has already imposed a number of import duties. On Wednesday, he announced a 25% tariff on all cars manufactured abroad. He also warned of possible further increases in duties against the European Union and Canada if their cooperation hurts the US economy.

Final data released Thursday showed the US economy grew 2.4% in the fourth quarter, exceeding the projected 2.3%. However, the pace of GDP slowed markedly from the third quarter, when the economy expanded by 3.1%.

Elena Dorokhina MarketCheese
Period: 25.12.2025 Expectation: 20000 pips
Investing in ETHUSD on confirmed bounce from key support
Today at 10:14 AM 36
Period: 26.12.2025 Expectation: 300 pips
Lower gas prices once again create profitable buying opportunity
Today at 08:49 AM 19
Period: 25.12.2025 Expectation: 1400 pips
Selling USDJPY on corrective bounce ahead of BoJ decision
Today at 07:03 AM 20
Period: 24.12.2025 Expectation: 800 pips
NVIDIA stock set to bottom out as bears loosen their grip
Yesterday at 11:33 AM 44
Period: 26.12.2025 Expectation: 600 pips
Correction looms for EURUSD with 1.17 as key target
Yesterday at 11:11 AM 29
Gold buy
Period: 31.01.2026 Expectation: 23000 pips
Bolster gold purchases when it climbs above $4,370
Yesterday at 09:56 AM 73
Go to forecasts