Tariffs will do little to change trade imbalance – IMF
Surplus and deficit countries must pursue structural polices to rebalance global economy, fund says
The use of tariffs and sectoral industrial policies is likely to have only limited and unreliable effects on addressing global current account imbalances, the International Monetary Fund has said.
The IMF on April 6 published a staff policy paper on how domestic policies might influence global trade imbalances, alongside an assessment of the paper’s findings by its executive board.
The paper makes use of the IMF’s longstanding saving-investment framework, which stipulates that the current account
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