10/28/2024

As the U.S. Election Draws Closer, Global Economy Chiefs Fret over a Trump Return

The remarks he's made about tariffs has them concerned

Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund (IMF) and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election.

Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week.

Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.

Please select this link to read the complete article from Reuters.