Fri. Nov 22nd, 2019

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IMF warned for Trade wars, While China urged to drop tariffs

1 min read
IMF warned for Trade wars

IMF warned for Trade wars

The IMF’s latest World Economic Outlook, sees the global economy in a synchronized slowdown and weakened by rising trade barriers and increasing geopolitical problems.

global trading system needs to be improved, not abandoned. And countries need to work together because multilateralism remains the only solution to tackling major issues , the Fund’s chief economist Gita Gopinath said

Earlier today, Chinese Foreign Ministry Geng Shuang confirmed that China has bought 320,000 tonnes of cotton, 230,000 tonnes of wheat and 20 million tonnes of soybeans from the U.S.

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