Pan Gongsheng: The United States' excessive imposition of tariffs has seriously impacted the global economic order and undermined the long-term stable growth of the global economy

On April 26, 2025, from April 24 to 25, the international monetary fund held the 51st meeting of the International Monetary and Financial Committee (IMFC) in Washington, D.C., the United States. The meeting discussed the global economic and financial situation, the work of the IMF and other topics. Pan Gongsheng, governor of the People's Bank of China, attended the meeting and delivered a speech. Pan Gongsheng pointed out that the current global economic growth momentum is weak and the downside risks are prominent. The recent excessive imposition of tariffs by the United States has seriously violated the legitimate rights and interests of all countries, seriously damaged the rules-based multilateral governance system, seriously impacted the global economic order, and undermined the long-term stable growth of the global economy. At the same time, it also caused severe fluctuations in the global financial marekt, especially in developed economies. This poses a threat to global financial stability and a serious challenge to emerging market economies and developing countries.