December 1, 2018 / 6:18 PM / 11 days ago

Lagarde warns G20 leaders that trade tensions threaten global economy

International Monetary Fund (IMF) Managing Director Christine Lagarde arrives for the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Luisa Gonzalez

BUENOS AIRES (Reuters) - International Monetary Fund Managing Director Christine Lagarde called on G20 leaders to urgently de-escalate trade tensions and reverse tariff hikes, warning that they risked slowing global growth.

“Pressures on emerging markets have been rising and trade tensions have begun to have a negative impact, increasing downside risks,” Lagarde said in a statement issued at the conclusion of the G20 summit in Buenos Aires.

Reporting by Cassandra Garrison, editing by Ross Colvin

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