IMF: US-China trade war poses "greatest threat" to global stability

The US-China trade war poses the greatest threat to global stability, said David Lipton, deputy director-general of the International Monetary Fund, on Monday. "Financial stability is necessary to deal with macroeconomic shocks in Europe," he said.


"Clearly, this is not Europe alone," Lipton told a conference in Lisbon. The United States needs to arrange its house financially as well. US-China trade tensions pose the greatest threat to global stability. "


The trade war, which began about eight months ago, has affected billions of dollars in goods between the two countries.

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