International Monetary Fund, Crystalina Georva, warned of risks to the global economy due to the competition between China and the United States, and described the customs duties imposed by former US President Donald Trump on Chinese imports as adverse results.
“Maybe we will be walking without feeling a poorest and less secure world due to this,” Georgiviva said in an interview with the Washington Post published on Saturday.
“The first Cold War on the other side of the iron curtain, the very cold weather there, and the insertion of a new generation in a second cold war is absolutely irresponsible,” added Georgiviva, who was born and raised in Bulgaria.
President Joe Biden, after the main issue related to customs duties imposed by his predecessor, resolved Chinese goods and cost American importers billions of dollars.
“It is important to think carefully about the procedures and what may result from it from one counter, because once the genie is removed from the lamp, it will be difficult to return. ”
The Biden team has been fighting for months in different ways to reduce the costs of the fees imposed on Chinese imports while the administration is trying to curb inflation.
Informed sources said to Reuters in August that the military exercises that China’s military exercises on Taiwan prompted Biden administration officials to rethink whether some fees will be canceled or other fees will be imposed on Beijing.
Beijing conducted maneuvers in that month after a visit by US House of Representatives Nancy Pelosi to Tiba, and has since continued to carry out military activities near her, including passing almost daily airlines for a separation line in the Taiwan Strait.
Relations between the two largest economies in the world have been strained in the past years due to issues, including customs duties, Taiwan, intellectual property, electronic security and the origin of the Corona virus..
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