Central bank governors and finance ministers traded grim tales of suffering economies at the International Monetary Fund and World Bank fall meetings in Washington this week. The United States, the world's largest importer, started a bitter tariff war with China, the world's largest exporter, 15 months ago. Scholz said concerns over Britain’s impending departure from the EU and the bloc's trade dispute with the United States were clearly dampening global economic growth. Trade links between countries have led to a more peaceful world in recent decades, but recent experience shows "you can never take global trade for granted," Jónsson said. The United States hasn't been immune from the impact of the trade wars.

Source: bd News24 October 19, 2019 22:52 UTC