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IMF Managing Director Christine Lagarde warned on Tuesday that trade tensions between China and the United States are a "threat to the global economy" and regretted that recent "rumors and tweets" are not favorable to an agreement.
"It is clear that tensions between the United States and China pose a threat to the global economy", the IMF director told reporters after her speech at the Paris Debt Forum for Developing Countries.
"We felt that this threat was fading, relationships were improving and we were moving towards an agreement"Between Beijing and Washington," he said.
"We hope this will continue to be the case but today rumors, tweets and comments are not very favorable", added the head of the International Monetary Fund (IMF), clearly referring to the messages published by Donald Trump.
For Lagarde, it is "imperative" that these tensions "be solved satisfactorily for all". According to the executive, it is necessary to proceed with the "reduction or elimination of these tensions" and adopt a "legal and regulatory framework" companies are aware of the tariff and non-tariff rules with which they will develop their business.
China and the United States will resume their complex trade talks this week in Washington. Chinese negotiator Liu He will visit the US capital on Thursday and Friday, the Chinese Minister of Commerce said on Tuesday.
The conclusion of these negotiations was unclear after Trump 's announcement on Sunday to increase customs duties on Chinese import products to the tune of $ 200 billion as of May 10.
(With information from AFP and EFE)
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