IMF raise concern US levy tariff

International Monetary Fund has expressed concern about US President Donald Trump’s decision to levy  steep tariffs on steel and aluminum imports.

Christine Lagarde  said  economic history clearly shows that trade wars not only hurt global growth but are also unwinnable.The comment by the Managing Director of the International Monetary Fund is in a statement released ahead of a G20 meeting in Argentina next week.

Lagarde says in a separate report that one-sided import restrictions would trigger protectionism throughout the world and heighten tensions.

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