{"id":21984,"date":"2018-03-07T11:23:29","date_gmt":"2018-03-07T10:23:29","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=21984"},"modified":"2018-03-07T11:23:29","modified_gmt":"2018-03-07T10:23:29","slug":"trade-war-will-harm-global-growth-imf-chief-warns","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/trade-war-will-harm-global-growth-imf-chief-warns\/","title":{"rendered":"Trade War Will Harm Global Growth, IMF Chief Warns"},"content":{"rendered":"<p style=\"text-align: justify;background: #FAFAFA;margin: 0in 0in .25in 0in\"><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">The head of the International Monetary Fund warned Wednesday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminium would snuff out global growth.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">\u201cIf international trade is called into question by these types of measures, it will be a transmission channel for a drop in growth, a drop in trade and it will be fearsome,\u201d Christine Lagarde said on RTL radio.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">\u201cIn a trade war that will be fed by reciprocal increases of customs tariffs, no one wins,\u201d she added.<\/span><\/p>\n<p style=\"text-align: justify;background: #FAFAFA;margin: 0in 0in .25in 0in\"><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">Trump boasted last week on Twitter that trade wars are \u201ceasy to win\u201d after his initial announcement of 10 percent tariffs on imports of aluminium and a 25 percent levy on steel brought into the United States provoked a global outcry.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">US allies have threatened to retaliate by slapping tariffs on US goods entering their markets. The EU is expected to detail its retaliatory measures on Wednesday.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">\u201cWe are anxious that these are not triggered, we are urging the sides to reach agreements, hold negotiations, consultations,\u201d said Lagarde.<\/span><\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">The IMF chief said that to a certain extent she understood the US president\u2019s frustration with the global trade system.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">Trump \u201chas good reasons to protest against the current situation. There are countries that don\u2019t always respect WTO agreements, which have technology transfer requirements, one thinks naturally of China, but China isn\u2019t the only country to have such practices,\u201d said Lagarde.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">The Trump administration has made the World Trade Organization (WTO) a preferred target of its \u201cAmerica First\u201d policy, threatening to pull the US out of the trade body it says is hampering its ability to compete.<\/span><\/p>\n<p><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">AFP.<\/span><\/p>\n<p style=\"text-align: justify;background: #FAFAFA;margin: 0in 0in .25in 0in\"><span style=\"font-size: 15.0pt;letter-spacing: .4pt\">\u00a0<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The head of the International Monetary Fund warned Wednesday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminium would snuff out global growth. \u201cIf international trade is called into question by these types of measures, it will be a transmission channel for a drop in growth, &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":12994,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[573],"coauthors":[2391],"class_list":["post-21984","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-imf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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