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International Monetary Fund warns trade wars could cost global economy US $430 bil.

2018-07-17 0 Dailymotion

The IMF has warned that the rising trade squabbles could cost the global economy roughly 430 billion U.S. dollars. <br /> It added that escalating trade wars were threatening to add to what is already an unbalanced global economic growth trend. <br />Some major economies have seen relatively good growth, but GDP is dwindling in Europe and Japan.<br />But the IMF warned that the U.S. was especially vulnerable to global trade disputes because it would be the focus of global retaliation, with a relatively higher share of its exports taxed in global markets. <br />

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