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>> Financial leaders from around the globe descending on a new Washington for meetings at the IMF, hoping they can nudge President Donald Trump away from his America first instincts. I'm Andy Sullivan in Washington where the 189 member International Monetary Fund kicks off its Spring meetings on Trump's home turf.
Dealing, for the first time in decades, with a President who is openly scornful of their goal of an integrated global marketplace. Their overriding task this time, is to figure out how to deal with a President who rode to power by harnessing working class anger against free trade and a global elite.
IMF managing director, Christine Lagarde, on Thursday, at a kickoff news conference, vowing to work with the new administration.>> I have every reason to believe that we will cooperate all together.>> But the risks of conflict with Trump are real.>> They take our jobs.>> Trump ran hard against the Trans Pacific Partnership, a massive 12 country trade deal champion by his predecessor Barack Obama.
Trump dumping the deal within days of taking office. He also wants to renegotiate the North American Free Trade Agreement.>> We are concerned about trade because it has been a major engine for growth. And that implies, clearly, a level playing field and no protectionist measures going forward.>> Just this week Trump in Wisconsin, signing a Buy American- Hire American executive order that critics say flies in the face of the global outlook favored by the IMF.
>> The policy of our government is to aggressively promote and use American-made goods.>> And it's more than just jobs and trade where they part ways. The IMF, this week, releasing new studies arguing his tax reform proposals could spark financial risk taking. All this as the IMF is facing another huge question mark over Brexit.
The coming departure of Britain from the European Union, an upheaval driven by many of the same forces as the rise of Donald Trump.>> A former top IMF official telling Reuters the IMF will try to socialize the Trump administration to be more open to its policies, but they don't have all that much leverage here.
The IMF can provide advice and research while the United States in return, provides a large chunk of the IMF's budget.