IMF Lagarde urges G20 members to reduce tariffs, trade barriers

IMF Lagarde urges G20 members to reduce tariffs, trade barriers
FILE PHOTO: International Monetary Fund Managing Director Christine Lagarde arrives for the Women's Forum Americas, at Claustro de Sor Juana University in Mexico City, Mexico, May 30, 2019. REUTERS/Carlos Jasso/File Photo Copyright Carlos Jasso(Reuters)
By Reuters
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OSAKA (Reuters) - International Monetary Fund Managing Director Christine Lagarde on Saturday urged G20 policymakers to reduce tariffs and other obstacles to trade, warning that the global economy had hit a "rough patch" due to the trade conflict.

"While the resumption of trade talks between the United States and China is welcome, tariffs already implemented are holding back the global economy, and unresolved issues carry a great deal of uncertainty about the future," Lagarde said in a statement issued upon conclusion of the Group of 20 summit in Osaka, western Japan.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

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