IMF Urges US, China To Lower Trade Tensions

International Monetary Fund managing director Kristalina Georgieva said on Thursday that the US and China both have trade grievances, but the world's two largest economies needed to reduce uncertainty and agree on a fairer, rules-based trading system.

- Reuters

WASHINGTON:

Georgieva, speaking at an event in Washington ahead of next week's IMF and World Bank spring meetings, also welcomed India's decision to reduce trade barriers and said that tariffs elsewhere could also drop amid negotiations over President Donald Trump's tariffs.

Georgieva refrained from directly criticizing Trump's tariff assault on its trading partners, noting that an increase in tariffs and non-tariff trade barriers were feeding negative perceptions of the multilateral system.