The IMF has expressed concerns about a trade war between the US and China

© RIA Novosti / Natalia to Seliverstova in photobacteria the International monetary Fund in Washington, archival photoThe IMF has expressed concerns about a trade war between the US and China© RIA Novosti / Natalia to Seliverstova the image Bank

The trade confrontation between the US and China will damage the economies of both countries and the world, told reporters at a news briefing, the IMF representative Jerry rice.

«Depending on the situation, the introduction of fees could cost the economy (of China) expensive. The force of the impact will depend on decision-making by the Chinese authorities, as the trade in foreign and domestic market, and the ability to counter the actions of the United States,» he said.

«As for US, it also negatively affects their GDP. It can be expensive and both countries and the entire world. As mentioned (Chapter Fund) Madame (Christine) Lagarde, in this game there are no winners, it will also negatively affect emerging markets», — said the representative of the Fund.

On Monday, the President of the United States Donald trump announced the introduction of fees in the amount of 10% for goods from China to $ 200 billion. The decision will come into force on 24 September, and from January 1, tariffs will rise to 25%. Trump did not rule out the third phase of the customs duties for goods worth about 267 billion dollars, if China will continue to take retaliatory measures.

China stated that it would take synchronous measures and impose duties of 10% and 5% on American imports with a volume of $ 60 billion.The IMF has expressed concerns about a trade war between the US and China© RIA Novosti / Vitaly Podwyzki Exchanged blows

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