IMF’s Lagarde says that nobody wins in a trade war

IMF head Christine Lagarde on the wires — 7 March 2018

  • Trade war could have impact on world growth and trade
  • Macroeconomic impact of US trade tariffs would be serious if other nations do the same
  • Trump has some reasons to consider trade sanctions as some countries do not respect the rules

Lagarde stepping in with her views on the matter. Her comments are not likely to ease the nerves of those thinking about the potential implications of a trade war.
Meanwhile, the market is still looking awfully quiet right now. Ranges for most major currencies remain tight post-Cohn resignation, while the yen is still maintaining majority of its gains on the day.
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