Threat to global economy

May 1st, 2018

The head of the IMF has waded into the US-China trade spat damning tariffs and protectionism and warning governments that global growth will eventually slow. As tensions between the US and China on trade remain fierce Christine Lagarde told an audience in Hong Kong that governments need to steer clear of protectionism, pointing out that the imposition of tariffs hurt everyone, especially poor customers. In a stinging critique of US economic policy, Ms Lagarde said the country could resolve its trade deficit with the world by curbing public spending and increasing revenue.

 

Source: Techlink Professional