IMF Warns Tariff War Harms Global Growth

The International Monetary Fund warned on Monday that escalation of the tariff dispute between the United States and Western Europe over Greenland could damage global economic growth, IMF chief economist Pierre-Olivier Gourinchas said at the World Economic Outlook launch. He cited a planned 10% US tariff starting Feb. 1 and a possible reactivation of the EU's €93 billion retaliatory package, while the WEO still forecasts 3.3% growth in 2026.