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Hands Wring Over Trump's Trade Wars At IMF, World Bank Meetings

Credit: Wochit
Published on October 19, 2019 - Duration: 00:38s

Hands Wring Over Trump's Trade Wars At IMF, World Bank Meetings

The damage from the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan.

Government heavyweights traded grim tales at the IMF and World Bank fall meetings in Washington this week.

Reuters reports some central bank governors of the 189 member-nations noted how far U.S. policy had shifted from the 1940s.

The International Monetary Fund estimates the fallout will slow global growth in 2019 to 3.0%, the slowest pace in a decade.

Everybody loses.

IMF Managing Director Kristalina Georgieva The United States started a bitter tariff war with China 15 months ago.

The US is the world’s largest importer, and China is the world’s largest exporter.

US President Donald Trump is also renegotiating trade deals with many of Washington’s top trading partners.

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