Citing Tariff Battle, IMF Predicts Slower Growth in US, China | WHAT REALLY HAPPENED


Citing Tariff Battle, IMF Predicts Slower Growth in US, China

The tariff standoff might not feel like much now, but it certainly will take a toll in years to come, the International Monetary Fund warns.

The International Monetary Fund reduced its growth forecasts for the US and China Tuesday, citing the series of tariffs the two nations have imposed on each other, CNN Business reports.

"When you have the world's two largest economies at odds, that's a situation where everyone suffers," Maurice Obstfeld, the IMF's chief economist, said at a news conference.

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