IMF assessing Trump tariff plans but does not see US recession

The International Monetary Fund is continuing to assess the impact of President Donald Trump's tariff plans, including his new 25% autos tariffs, but the IMF's baseline forecasts do not envision a U.S. recession, IMF spokesperson Julie Kozack said on Thursday.

Kozack, asked about Trump's tariff plans at a regular IMF press briefing, said if sustained, the duties imposed on goods from Canada and Mexico would have a "significant adverse effect" on their economic outlooks, but declined to provide specific details. The IMF is continuing to assess the impacts of Trump's various tariff announcements on other regions, she said.

Many of these will be incorporated into the IMF's next World Economic Outlook forecasts, due the week of April 21, and Kozack said the report will clearly state which actions are included in the Fund's assessments of economic growth and inflation.