US public debt to reach 127% of GDP by 2030 — IMF

Should there be no major changes in the state policy, deficit is projected to decline to 5.6% GDP, the report said
With the current fiscal policy maintained, the US public debt will reach 127.6% of GDP by 2030, the International Monetary Fund (IMF) said in its Fiscal Monitor report.
Should there be no major changes in the state policy, deficit is projected to decline to 5.6% GDP backed by growth of budget revenues by 0.7 percentage points, according to the report.
On April 2, US President Donald Trump announced the introduction of tariffs on products from 185 countries and territories.
On April 9, he announced suspension of additional import tariffs imposed on a reciprocal basis for a number of countries and territories for 90 days.
The White House explained that the pause was related to trade negotiations, adding that during this period, a universal tariff of 10% will be in effect.
Concurrently, the US president raised tariffs on Chinese products to 125%.
Considering the rate of 20% imposed earlier for allegedly inefficient efforts by governments of Canada, China, and Mexico in their fight against the fentanyl smuggling, the tariff on goods from China currently totals 145%.