New York-Sana
The next head of the European Central Bank, Christine Lagarde, said the threats to trade posed the biggest obstacle to the global economy, a reference to the trade war that the Trump administration has launched with China.
"Tariffs imposed by the United States and China are expected to cut 0.8 percent of global economic growth in 2020 and their impact will be like a big cloud," Lagarde, who has been president of the International Monetary Fund since 2011, told CNBC television. Bleak on the global economy. ”
It is noteworthy that the Trump administration not only fabricated trade war with China, but expanded to include the countries of the European Union, Canada, Mexico, Australia and others where in the context of those policies Trump imposed a 25 percent and 10 percent duties on imports of steel and aluminum products from those countries, citing protection of the production of his country's companies from These articles raised serious concerns about the impact on the world economy and global markets.