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IMF, President of the International Monetary Fund (IMF), said Thursday that the biggest risk of Sino US trade disputes is global confidence and investment.
Lagarde said the two world's largest economies threatened with mutual tariffs would have a mild and direct impact on the global economy, but this could bring uncertainty and further impede investment. Investment is one of the main drivers of accelerating global economic growth.
"If measured by GDP, the actual impact on economic growth is not very big," said Lagarde, talking about the tax imposed, but the effect of adding "confidence erosion" would be worse.
"When investors don't know what they're going to trade and don't know how to organize the supply chain, they don't want to invest," she said at a press conference in Washington. Financial leaders from various countries gathered in Washington to prepare for the spring meetings of IMF and the world bank.
In the global economic outlook released on Tuesday, IMF said that the 2016 study showed that tariffs and other barriers made all countries' import prices rise by 10%, which would reduce global economic output and consumption by about 1.75% in five years, and to pull down nearly 2% in the long term.
The Chinese Foreign Ministry warned that Trump's attempt to force China to make concessions in trade through tariff threats and other means was a wrong abacus, which would not have much impact on China.
The recent escalation of trade disputes, the United States said it banned the country's companies from selling components to China Telecom equipment manufacturer 000063.SZ within seven years, as the company violated an agreement with the US government after being found to sell goods illegally to Iran.
China's Ministry of Commerce announced on Thursday that it had initially ruled that the imported halogenated butyl rubber originating in the United States, the European Union and Singapore had been dumped. The domestic halogenated butyl rubber industry had suffered substantial damage and decided to temporarily antidumping for the implementation of the security form of the imported halogenated butyl rubber products originating in the United States, the EU and Singapore. Measures。
The office of the United States trade representative is also planning to publish second Chinese merchandise lists in the near future, which is intended to impose tariffs on another $100 billion in Chinese goods, which will increase the value of Chinese goods threatened by tariff by two times.

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