Jetta Jobinaet, the first deputy director of the International Monetary Fund, confirmed today, Friday, that it is too early to talk about any accurate analysis of the repercussions of increasing American customs duties on other countries.
“It is in the interest of all countries to work together, resolve differences, and ensure that there is an environment conducive to international trade.”
Jobinaith was answering a question about the potential impact of global trade tension and the threats of US President Donald Trump to impose higher customs definitions on other countries, including Japan.
Trump re -ignited the trade war with China by imposing an additional 10% on the goods coming to the United States from the second largest economy in the world, which led Beijing to impose retaliatory definitions on a number of American goods.
In early February, Trump signed an executive order to impose additional customs duties by 25% on the goods imported from Canada and Mexico, and 10% on China before these fees are suspended on each Canada and Mexico for 30 days.
Syria and Lebanon
On Lebanon and Syria, Wali Kozak, a spokeswoman for the Monetary Fund, said Thursday that the fund is looking forward to working with Lebanon.
Julie Cosak added at a press conference that the fund is also ready to support the efforts of the international community to help the reconstruction of Syria.
Lebanon needs foreign funds to pay the reconstruction bill after the war last year between Israel and Hezbollah, while the costs of reconstruction of Syria after 13 years of war will reach billions of dollars.
