Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

US-China Trade Tensions 'Pose a Threat to Global Economy': IMF

Renewed tensions between the two economic superpowers were hanging over the negotiations that were set to resume later on Thursday and IMF spokesman Gerry Rice renewed the call for a 'speedy resolution.'

AFP

Updated:May 9, 2019, 9:34 PM IST
facebookTwitterskypewhatsapp
US-China Trade Tensions 'Pose a Threat to Global Economy': IMF
Representative image (Reuters)

Washington: Trade tensions and the exchange of tariffs between the United States and China pose a "threat to the global economy," the International Monetary Fund warned on Thursday.

Renewed tensions between the two economic superpowers were hanging over the negotiations that were set to resume later Thursday and IMF spokesman Gerry Rice renewed the call for a "speedy resolution."

"Clearly tensions between the United States and China in the trade sphere are a threat to the global economy," Rice told reporters.

"As we have said before, everybody loses in a protracted trade conflict."

The US-China talks seemed on the verge of collapse this week after President Donald Trump said he would more than double punitive tariffs on $200 billion in Chinese goods starting Friday, accusing Beijing of backtracking on commitments made during the year-long negotiations.

Beijing denied the charge on Thursday and warned of unspecified retaliation should the new 25 percent duties take effect. Nevertheless, Vice Premier Liu He is due in Washington for the key round of talks.

Trump said Wednesday that China's negotiators were coming to "make a deal."

Rice called on "all parties to seek a resolution... that strengthens the international trading system."

"We'd be hoping for a speedy resolution to these discussions."

The IMF last month predicted that the slowing world economy could see a modest rebound in the latter part of 2019 -- provided in part that the world's top two economies resolve their differences.

Officials called the recovery "precarious."

The IMF's World Economic Outlook once again downgraded global growth to 3.3 percent for 2019, two tenths lower than the global crisis lender forecast in January and four tenths lower than October.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results