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Defense of supply chains must begin in Bali

World finance chiefs should protect commercial links strained by Trump's trade war

| Indonesia
International Monetary Fund head Christine Lagarde, left, must defend global supply chains against U.S. President Donald Trump.   © Reuters

From slowing global growth to rising debt, the world's central bankers and finance ministers have plenty on their plate as they gather in Bali this week for the annual meeting of the International Monetary Fund.

Yet they must now also turn their attention to a new threat: that a U.S.-China trade war which has so far has focused mostly on tariffs could soon spiral out of control, as Donald Trump begins to attack directly the supply chains upon which globalization depends.

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