IMF managing director Christine Lagarde: “We don’t have to inflict wounds to ourselves – it is not going to leave many winners.” Photo: AFP

US-China trade war: IMF’s Christine Lagarde warns of ‘self-inflicted wounds’ to global economy

  • IMF calculates that the tit-for-tat tariffs will cost US$455 billion in lost output next year – more than the size of South Africa’s economy
  • Donald Trump has so far ignored warnings from the IMF and other international organisations about the impact of his trade measures
Topic |   US-China trade war

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IMF managing director Christine Lagarde: “We don’t have to inflict wounds to ourselves – it is not going to leave many winners.” Photo: AFP
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