IMF warns increasing US tariffs could cut China growth sharply

IMF warns increasing US tariffs could cut China growth sharplyChina’s economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday. The International Monetary Fund already had trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are imposed. The annual review of China’s economy — known as the Article IV report — was completed before President Donald Trump announced plans to impose 10 percent punitive tariffs on $ 300 billion in imports.



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