The International Monetary Fund (IMF) has warned that an escalation of trade tensions between the US and China would have "costly" economic consequences for all countries. IMF Deputy Managing Director Gita Gopinath emphasized that such a scenario would lead to lower output, inflation pressure, and negative impacts on global growth. The warning comes amid ongoing trade tensions between the two nations, with both sides imposing tariffs on each other's goods.

Source: https://www.wionews.com/business-economy/us-china-trade-tariffs-escalating-would-be-costly-for-everybody-imf-770338