Donald Trump’s trade wars are hurting the world economy, IMF warns

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The ongoing U.S.-China trade dispute kicked off by President Donald Trump is helping to weaken the global economy, the International Monetary Fund said.

The International Monetary Fund has warned that the ongoing trade tensions between the U.S. and its trading partners are contributing to a slowdown in the global economy.

He says China does not play fair on goods such as steel, a heavily subsidized industry in China, and also allows intellectual property theft from American firms to run rife. Trump views America’s bilateral trade deficits as negative for the domestic economy and a sign that its companies are losing out.They are a sign of America’s economic power. A strong dollar allows businesses to access cheap goods, materials and labor overseas, which reduces costs and aids profitability.

The IMF noted that the signing of USMCA and some recent softening of U.S.-China tensions, such as the extended truce on tariff rises, are steps in the right direction.

 

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He has ruined the world

That must make Putin happy as Russia sells off dollars and buys gold

Obvio.

You mean hurting China, that hurts the democrats.

Newsweek bring critical of The President of the United States? Shocking ! They usually compliment him do much.😂🙂🙂😂 Man they suck!

It’s MAGA not MWGA

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