The head of the IMF told about the negative impact of trade wars

Глава МВФ рассказала о негативном влиянии торговых войн

Sales tax increase downside risks to economic growth, said the managing Director of the IMF.

The managing Director of the International monetary Fund (IMF) Christine Lagarde said that raising trade taxes has a negative impact on global GDP, according to RIA Novosti.

According to her, currently there is growing pressure on emerging markets. Sales tax increase downside risks to economic growth.

Lagarde also urged countries to reduce tensions in the sphere of trade.

Recall that the U.S. and China agreed not to impose new duties.

As reported Корреспондент.net, the trade war between China and the United States began after July 6 of this year came into force the mutual increased customs duties between the countries. After that Washington and Beijing have exchanged duties in August and September.

The discontent of the American administration is the trade imbalance between States, which is estimated to be US $ 500 billion in China’s favor.

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