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Lagarde: Trump's trade war against China is hurting the world economy

2019-10-20T06:37:38.454Z


WASHINGTON - Former International Monetary Fund (IMF) director Christine Lagarde has warned that US President Donna's insistence


Washington-SANA

Former International Monetary Fund (IMF) director Christine Lagarde has warned that US President Donald Trump's insistence on continuing his trade war against China would hurt the world economy dramatically.

In an interview with CBS News, Lagarde, who takes over the presidency of the European Central Bank next month, criticized Trump's occasional tweets and said that "market stability should not be a tweet here and there."

"It takes consideration, thought, calm and thoughtful and rational decisions," Lagarde said, warning that Trump's trade war against China would cut into global economic growth.

The European official called on world leaders to act wisely and negotiate a solution to trade disputes and dispel risks to the global economy.

Source: sena

All business articles on 2019-10-20

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