Trade tension News
The International Monetary Fund (IMF) Wednesday warned that global growth may be significantly harmed with further escalation of trade tension, which is a result of the uneven global economic recovery that has fuelled inward-looking policies and contributed to increased policy uncertainty.
A person briefed on the matter says President Xi Jinping's top economic adviser has told US business leaders in Washington that China hopes the White House will revive high-level dialogue on economic disputes and name a new chief liaison to defuse mounting trade tensions.
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