IMF to Work with Trump Too Early to Speculate on Trade

The International Monetary Fund said on Thursday it looks forward to working with the Trump administration and believes the United States will remain fully committed to the Fund and other international institutions.

Two days after Trump won election on a campaign marked by an anti-trade message, IMF spokesman Gerry Rice said it was too early to say whether Trump’s trade and international economic policies would be damaging to global growth.

“It’s too early to speculate,” Rice told a regular news briefing. “We need to wait and see what the policies will actually be and we’ll be making an assessment at that time.”

Rice said the Fund believes trade has provided an engine of growth and has lifted many out of poverty, but the negative side-effects of trade and globalization, including job losses, need to be more effectively addressed.

“For those who feel left out or feel left behind, we need to have more policies that help to mitigate the negative impacts,” he said.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza