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US-China trade tensions 'threat to the global economy': IMF

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AFP Washington
Last Updated : May 09 2019 | 9:36 PM IST

Trade tensions and the exchange of tariffs between the United States and China pose a "threat to the global economy", the International Monetary Fund warned on Thursday.

Renewed tensions between the two economic superpowers were hanging over the negotiations that were set to resume later Thursday and IMF spokesman Gerry Rice renewed the call for a "speedy resolution".

"Clearly tensions between the United States and China in the trade sphere are a threat to the global economy," Rice told reporters.

"As we have said before, everybody loses in a protracted trade conflict."
Trump said Wednesday that China's negotiators were coming to "make a deal."
Rice called on "all parties to seek a resolution... that strengthens the international trading system." "We'd be hoping for a speedy resolution to these discussions."

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First Published: May 09 2019 | 9:36 PM IST

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