WASHINGTON, April 17 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday warned that uncertainty is "costly" amid recent tariff increases, noting that rising trade barriers have an immediate impact on growth.
"Putting together all the recent tariff increases, pauses, escalations, and exemptions, it seems clear that the U.S. effective tariff rate has jumped to levels last seen several lifetimes ago," Georgieva said in a speech before the IMF-World Bank Spring Meetings scheduled for next week.
