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U.S. and China Jockey for Global Support as Trade War Ramps Up

  • IMF meetings give both nations a chance to build alliances
  • Trump says China trades unfairly, while Xi preaches order
Bloomberg business news
Jacob Frenkel, international chairman at JPMorgan Chase, discusses the yuan and the U.S.-China trade tensions.(Source: Bloomberg)
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The U.S. and China are set to use the latest gathering of the world’s finance chiefs to marshal support for their respective cases in a trade dispute that shows no sign of ending soon.

Finance ministers and central bankers from the International Monetary Fund’s 189 member nations are gathering in Bali, Indonesia this week for the fund’s annual meeting. While the agenda will include discussions on the broader health of the global economy, it will also be an opportunity for American and Chinese officials to cobble together alliances.