Portuguese Economist Criticizes Trump Tariffs' Impact on Global Economy

Renowned Portuguese economist Ricardo Reis recently visited the International Monetary Fund (IMF) to discuss his concerns regarding the tariffs imposed by the US government. In his assessment, these protectionist measures could lead to a general rise in prices in the United States and potentially trigger a new wave of global inflation. This warning is particularly relevant given the current scenario where the world is facing increasing inflationary pressures due to various factors such as post-pandemic economic recovery and the impacts of the war in Ukraine on global supply chains. The economist's criticism of US trade policies highlights the systemic risk these measures may pose to global economic stability, especially during a time when the global economy is still recovering from the pandemic crisis.