The head of the IMF Over the global economy “gathering clouds”

Глава МВФ: Над мировой экономикой "сгущаются тучи"

Rising tensions in trade between major industrial countries could lead to severe economic consequences.

The head of the International monetary Fund (IMF) Christine Lagarde is confident that the threat of trade wars between developed countries increases the risks for the world economy. She stated on Monday, June 11, after the G7 summit in Canada, reports Bloomberg.

“Clouds on the horizon, which we warned about six months ago, are gathering by the day,” − said Lagarde.

In her words, “the biggest dark cloud” over the global economy is the risk of the erosion of trust caused by the “attempt to question the methods of trading, interactions on the world stage and the work of international organizations”.

The head of the IMF did not directly mention the U.S. administration, which has set a number of import duties, particularly on steel and aluminum.

Earlier, us President, Donald trump has refused to sign the final communiqué of the G7 summit in Quebec city, expressing dissatisfaction with the statements of canadian Prime Minister Justin Trudeau about the us of trade duties.

We will remind, USA on 1 June imposed duties on steel imports (25%) and aluminium (10%) from Canada, Mexico and EU countries.

Canada, the EU, Japan and Mexico are preparing a response to US tariff

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