IMF emphasizes the trade grievances of the US China, welcoming India's tariff cutting | Mint

Kristalina Georgieva, managing director of the International Monetary Fund, said on Thursday that the US and China both have trade grievances, but the world’s two largest economies needed to reduce uncertainty and agree on a fairer, rule -based trading system. Georgieva, who spoke at an event in Washington before next week’s IMF and World Bank spring meetings, also welcomes India’s decision to reduce trade barriers and said rates elsewhere could also fall amid negotiations on the rates of President Donald Trump. Georgieva kept him from criticizing Trump’s tariff attack on his trading partners directly and noting that an increase in rates and non-tariff trading barriers have negative perceptions of the multilatersl system. “This feeling of injustice fits in some places with the narrative,” we play according to the rules, while others play the system without punishment, “Georgieva said.” Trading imbalances send trade tensions. ” She said that the US had grievances about China’s intellectual real estate practices and non-tariff barriers, while China was looking for US involvement that would put both economies on a good footing. Fairer, rule -based system is, “Georgieva said. The Head of the IMF said India was uncomfortable with reducing rates and trade barriers, but” India is doing it now. “She added it would be useful for the country’s growth prospects. can encourage. First published: 18 Apr 2025, 23:20 IST