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Monday, 19 March 2018 - 10:17
"No winners in trade wars" - IMF chief
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International Monetary Fund chief Christine Lagarde cautioned the United States against putting up barriers to trade.
 
"Trade wars leave no winners," she said in the interview with Argentine daily La Nacion, responding to a question about President Donald Trump's decision to slap tariffs on imported steel and aluminium.
 
She said poor countries and poor people in rich countries have benefited from the surge in global trade over the past decade, but acknowledged that some regions and industries have suffered.
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