Daily Management Review

IMF: US-China trade war will hurt the global economy


Will the growth of the world economy suffer from the trade war between Washington and Beijing? This question causes serious concern to many politicians and economists, in particular, the director of the International Monetary Fund. Christine Lagarde believes that "tensions between the United States and China are a threat to the global economy."

She announced this after her speech at the Paris Forum on the debt of developing countries. Lagarde added that the tension between the two superpowers must be resolved in order to avoid slowing global growth. European Commission President Jean-Claude Juncker, for his part, also expressed concern about the development of the conflict and its negative impact on investors.

Jean-Claude Juncker: “I have a feeling that most of the economic problems that the world is facing should be viewed in the context of this trade tension between the United States and China. If investors do not have the feeling that this problem can be solved soon, appetite to investments on both sides of the Atlantic and around the world will weaken. "

On Sunday, Donald Trump warned that the United States from May 10 will increase duties on a number of Chinese goods from 10% to 25%, while he also did not rule out the introduction of duties on other goods. 

source: euronews.com