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Lagarde Issues New Trade Warning Amid ‘Unfavorable’ Trump Tweets

Christine Lagarde in Paris on May 7.
Christine Lagarde in Paris on May 7.Photographer: Marlene Awaad/Bloomberg
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International Monetary Fund Managing Director Christine Lagarde issued a fresh warning about the threat trade tensions pose for the world economy and said it may take time for the U.S. and China to resolve their issues.

The comments came two days after tweets by U.S. President Donald Trump warning of new tariffs on China, marking an escalation of hostilities amid talks aimed at brokering a solution between the two nations. The U.S. also accused China of backpedaling on commitments made during the negotiations.