International Monetary IMF chief Christina Georgieva predicted in a press statement on Tuesday that the world economy would lose about $ 700 billion due to the trade war by next year, adding that the International Monetary Agency has warned of trade disputes since Trump took office, but his administration is now causing In significant economic losses.
If global economic growth recovers next year, economic losses from trade war could lead to long-lasting changes, she said, calling on world finance ministers and central bankers to press for a radical change in trade policies.
Trade tensions between the United States and China escalated following the introduction of mutual tariffs between the two countries, raising global concerns about the outbreak of trade war between the two most powerful economies in the world, which will have a negative impact on global economic growth.
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