Tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020.
WASHINGTON (AN) — The International Monetary Fund said that tariffs imposed or threatened by the United States and China could reduce global economic output by 0.8% in 2020, and lead to more losses for years after that.
IMF spokesman Gerry Rice told a regular press briefing on Thursday that rising geopolitical and trade tensions are weighing on the global economy.
The summit created momentum for the adoption of the first legally binding rules to better protect international waters.
A major financial squeeze is hitting the embattled U.N., which is owed $5.1 billion for its regular and peacekeeping budgets.
Both sides moved to suspend most tariffs on each other's goods after an intense weekend of Swiss-hosted negotiations.
Colombia's former president Juan Manuel Santos says his nation's peace process benefited from women leaders.
A report finds populist politicians increasingly can bypass traditional journalism for friendly partisan media.
Trump left the summit in Canada early after signing onto a Group of Seven statement on the Middle East he resisted.
The U.N. refugee agency's loss of thousands of staff mirrors other Geneva-based agencies heavily reliant on U.S. funding.
Iran retaliated - and Israel and Iran risked all-out war - after IAEA board's found Tehran breached nonproliferation duties.
