IMF urges China and U.S. to resolve tensions through trade dealChristian Fernsby ▼ | August 12, 2019
The International Monetary Fund urged China and the United States to resolve tensions through a comprehensive agreement that avoids undermining the international system.
World International Monetary Fund
Topics: China U.S. IMF trade
"Trade tensions between China and the U.S. should be quickly resolved through a comprehensive agreement that avoids undermining the international system and not through a managed trade deal that targets a compression in the U.S.-China trade deficit," the IMF stressed.
At the same time, the fund noted that China can also play an important role and benefit from modernizing the international trade system and further opening up.
The report also says that "It is important that an agreement between two large and systemically important trading partners serves to reinforce WTO rules, is non-discriminatory, and is based on market mechanisms and macroeconomic fundamentals," the IMF added. ■