IMF backs away from Ricardo Reis after tariff warnings
The International Monetary Fund withdrew its consideration of Portuguese economist Ricardo Reis for chief economist following his criticism of Donald Trump's tariffs. Silvana Tenreyro was subsequently appointed instead.
The International Monetary Fund (IMF) dropped Ricardo Reis from its selection process for chief economist after learning of his public stance on US trade policy. The Portoguese academic criticized President Donald Trump's tariff measures, warning they would raise prices in the United States and spark a new wave of inflation. Reports indicate the IMF abandoned its plan to hire him due to these views on American trade strategy. Earlier that month, the organization appointed Silvana Tenreyro as the new chief economist. The former Bank of England policymaker also argues tariffs hinder economic growth, though she is considered less critical of the Trump administration than Reis. The Portuguese professor refused to comment on the news. This situation highlights pressure on economists who offer dissenting opinions regarding US fiscal and trade policy. When asked about the selection procedure, the IMF did not disclose further details, only stating that the process was rigorous and competitive.
