Higher U.S. Tariffs and Global Trade Concerns

TOKYO (Reuters) – It is too early for any precise analysis of the consequences of higher U.S. tariffs against other countries, said Gita Gopinath, the first deputy managing director of the International Monetary Fund, on Friday.

“It’s in the interest of all countries to work together, take care of disagreements and ensure there is an enabling environment for international trade,” Gopinath told a press conference.

She was responding to a query about the potential impact of global trade friction and threats of higher tariffs by U.S. President Donald Trump on other countries, including Japan.