Trade

IMF Sees Unwinding of Global Trade Surge Ahead of Trump Tariffs

Loaded container ships at Felixstowe port in Felixstowe, UK.
Photographer: Chris Ratcliffe/Bloomberg

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By Ramsey Al-Rikabi

June 12, 2025 at 2:59 PM EDT

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The International Monetary Fund is seeing signs that the rise in trade and activity to front-run US President Donald Trump’s tariffs is beginning to unwind as the global economy still faces heightened uncertainty.