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IMF Warns Trump: Tariffs Won't Fix Trade Deficit

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 21 August 2019.

US President Donald Trump has been relying on tariffs and interest rate cuts to address the country's trade deficit, but economists at the International Monetary Fund (IMF) have a different view.

According to a statement made on Wednesday, August 21, 2019, IMF economists said that US tariffs on China and weakening the US dollar through interest rate cuts will not fix the trade deficit.

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