The International Money Fund held a meeting in Washington, D.C., earlier this week, which included quotes from official figures of finance from countries around the entirety of planet Earth.
One of the biggest concerns at the convention was the fact that there’s ongoing trade troubles between China and the United States, something that would blossom – not in a good day… the blossom of a devil flower’s more like it – a trade war. Although this might give other countries like Brazil a good bit of economic activity, free trade is unarguably the best course of action for China and the United States to take.
Tensions between the two nations started back in January when Donald Trump’s administration placed a tariff on washing machines and solar panels coming in from China. Two months later came the now-infamous additional tax on all steel and aluminum entering the United States, which really flared tensions between the two nations, both of which are the world’s largest economies, with the United States taking the lead of the two in size of the economy.
According to the Managing Director of the IMF, Christine Lagarde, “It’s the confidence that risks being eroded,” in reference to what could come of the poor attitudes between the nations of China and the United States.
Kevin Hassett, the Chairman of the White House Council of Economic Advisers said of China, “The entire world community needs to urge them to change,” in regards largely to the near-theft of intellectual property by Chinese businesses.