IMF says US-China tariff truce extension enhances trade predictability
SPY•The IMF welcomed a two-month extension of the US-China trade truce and a process to reduce tariffs on non-strategic goods, saying the agreement would help stabilize the global trade outlook.
1. IMF welcomes extension
The IMF said it welcomed the US-China agreement to extend their trade truce by two months and launch a process to reduce tariffs on non-strategic goods. Spokesperson Julie Kozack said the arrangement enhances predictability in the trading environment and establishes a framework for considering more favorable tariff treatment for certain products. The IMF will continue to monitor developments as implementation becomes clearer.
