The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director Christine Lagarde said she wouldpresent the G-20 finance ministers and central bank governorsmeeting in Buenos Aires with a report detailing the impacts ofthe restrictions already announced on global trade.

“It certainly indicates the impact that it could have on GDP [gross domestic product], which in the worst case scenario undercurrent measures … is in the range of 0.5 percent of GDP on aglobal basis,” Lagarde said at a joint news conference withArgentine Treasury Minister Nicolas Dujovne.

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