IMF Says Tariff Upheaval Risks Harm to ‘Buoyant’ US Economy (1)

Turmoil around sweeping US tariffs risks undercutting what’s otherwise a “buoyant” economy, the International Monetary Fund said.

“Uncertainty around trade policies could represent a larger-than-expected drag on activity,” the Washington-based Fund said Wednesday in a summary of its latest annual review of the world’s biggest economy. The IMF said it’s also possible that import taxes may not pass through to consumers as much as expected.

President Donald Trump imposed the highest tariffs in roughly a century last year, saying they’d push companies to invest more in the US. Last week many of those charges were struck down by the Supreme ...