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Lagarde: Everyone loses in the business war
07 March 2018 01:47 PM
Directly: Director of the International Monetary Fund warned that the trade war means the loss of all parties, with continuing concerns about the trade crisis between the United States and its partners.
"The economic impact will be great, especially if other countries decide to respond to the United States," Christine Lagarde said in an interview with French radio station RTL on Wednesday.
The EU and China have vowed to reciprocate any US decision to impose import duties amid warnings of a trade war on the horizon.
US President Donald Trump has decided to impose tariffs on his country's steel and aluminum imports by 25 percent and 10 percent respectively, saying the trade war is "good and easy to win."
Lagarde stressed that trade wars do not produce any winners, noting that she hopes the US president will not implement his decision.
https://www.mubasher.info/news/3241831/%D9%84%D8%A7%D8%AC%D8%A7%D8%B1%D8%AF-%D8%A7%D9%84%D8%AC%D9%85%D9%8A%D8%B9-%D9%8A%D8%AE%D8%B3%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9
07 March 2018 01:47 PMDirectly: Director of the International Monetary Fund warned that the trade war means the loss of all parties, with continuing concerns about the trade crisis between the United States and its partners.
"The economic impact will be great, especially if other countries decide to respond to the United States," Christine Lagarde said in an interview with French radio station RTL on Wednesday.
The EU and China have vowed to reciprocate any US decision to impose import duties amid warnings of a trade war on the horizon.
US President Donald Trump has decided to impose tariffs on his country's steel and aluminum imports by 25 percent and 10 percent respectively, saying the trade war is "good and easy to win."
Lagarde stressed that trade wars do not produce any winners, noting that she hopes the US president will not implement his decision.
https://www.mubasher.info/news/3241831/%D9%84%D8%A7%D8%AC%D8%A7%D8%B1%D8%AF-%D8%A7%D9%84%D8%AC%D9%85%D9%8A%D8%B9-%D9%8A%D8%AE%D8%B3%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9
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