Rising trade tensions could cost global economy $430bn

The IMF has warned Trump about the rising trade tensions between the US and other countries. The trade tensions could cost the global economy $430bn. A Washington based organization has said that the recent threats by the US will lower global growth by 0.5% by 2020. While all economies will suffer from this escalation but the US will suffer more, with a relatively higher share of its exports taxed in global markets.