IMF Says Tariff Upheaval Risks Harm to ‘Buoyant’ US Economy

Turmoil around sweeping US tariffs risks undercutting what’s otherwise a “buoyant” economy, the International Monetary Fund said.

“Uncertainty around trade policies could represent a larger-than-expected drag on activity,” the Washington-based Fund said Wednesday in a summary of its latest annual review of the world’s biggest economy. The IMF said it’s also possible that import taxes may not pass through to consumers as much as expected.