Investing.com -- The International Monetary Fund (IMF) is currently evaluating the effects of President Donald Trump’s recently announced tariff plans, including a 25% tariff on automobiles. Despite these ongoing assessments, the IMF’s baseline projections do not predict a recession in the U.S., according to IMF spokesperson Julie Kozack.

Kozack addressed queries regarding Trump’s tariff plans during a routine IMF press briefing on Thursday. She noted that if these duties, particularly those on goods imported from Canada and Mexico, are maintained, they could have a substantial negative impact on the economic prospects of these countries. However, she refrained from providing any specific details.

The IMF continues to gauge the potential impacts of Trump’s various tariff declarations on other regions, Kozack added.

The outcomes of these evaluations will be integrated into the IMF’s forthcoming World Economic Outlook forecasts, expected to be published during the week of April 21. Kozack confirmed that the report will transparently delineate which actions have been considered in the Fund’s evaluations of economic growth and inflation.

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