IMF warns against Europe-US trade tit-for-tat

A tariff war would have an adverse effect on the global economy, the International Monetary Fund has said

The International Monetary Fund (IMF) has warned that a potential escalation of the tariff dispute between the US and Western Europe over Greenland could harm global economic growth.

Pierre-Olivier Gourinchas, the IMF’s chief economist, offered words of caution on Monday during the launch of the updated World Economic Outlook (WEO) report.