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Trade war

Deeper trade war to sap 2% of China's GDP: IMF

US seen taking 0.6% hit if rest of tariffs go forward

The International Monetary Fund warns that the U.S.-China clash will not only slow global trade but also discourage investment and destabilize financial markets.   © Reuters

WASHINGTON -- A further escalation of the trade war will slice 2% off China's real gross domestic product in 2020, a new forecast by the International Monetary Fund shows.

Trade tensions will also deal blows of 0.6% to the U.S. economy and 0.8% to global GDP, according to the outlook. Left unchecked, the conflict could further slow investment and trade as well as hurt financial market sentiment, the IMF previously warned.

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