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IMF On US Tariffs: The International Monetary Fund, ie the IMF, has given a big statement amidst the stir and increasing trade tension in the international market due to Trump tariff. IMF director Christalina Georgree, said on Thursday that both America and China have commercial concerns. But the two economic superpower of the world should remove these uncertainties. Also, rules should be agreed on the rules based and fair business.
Speaking during an event in Washington just before the IMF and World Bank meeting the next week, Georgiya welcomed India’s steps to remove the obstacles of tariffs. On the conversation with Trump on the tariff, he said that anywhere there is a tariff, his rates should be reduced.
However, the tariffs imposed on his business partner countries on behalf of President Trump continued to avoid the tariffs against this move and said that it would have a negative effect. Georgya said, “In some places this feeling of injustice matches the statement that ‘we play according to the rules while others use the system without any punishment.” He further said that this “trade imbalance increases business stress”.
The IMF director said that the US has complaints about things related to China’s intellectual property and non-tariff barriers. On the other hand, China seeks such cooperation with the US that both economies can get into a strong position.
Georgeeva further said that we want to see uncertainty finished. But as long as there is tension between the world’s two economic axis, it is difficult. In fact, it is important and top of these that there should be fair and rules based arrangements. The IMF Chief said that it was not easy for India to reduce tariffs and remove business obstacles, but it is doing so. He further said that this step will prove to be very helpful about the economic speed of the country.
Georgeeva said that it was possible to reduce tariffs and other business obstacles in the European Union and this would have promoted bilateral and multilateral business agreement.
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