IMF's Lagarde Warns Trade Wars Create 'losers On Both Sides'

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IMF's Lagarde warns trade wars create 'losers on both sides'

IMF chief Christine Lagarde warned Thursday that a trade war sparked by unilateral US import duties would have no winners.

Washington, (UrduPoint / Pakistan Point News, app - 14th Jun, 2018 ) :IMF chief Christine Lagarde warned Thursday that a trade war sparked by unilateral US import duties would have no winners.

If there is tit-for-tat retaliation from US trading partners, which they have threatened, there will be "losers on both sides," Lagarde told reporters.

And that outcome would have a "serious" economic impact on the US and global economies, she said, including by causing inflation to accelerate.

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