Although International Monetary Fund Managing Director Christine Lagarde says she won't discuss politics, she has been quick to call Donald Trump's trade policy "disastrous."
Though she wouldn't directly provide an opinion on GOP presidential candidate, the IMF chief left no doubt Thursday morning she found Trump’s stand on trade — and criticism of the global economy — distasteful.
At the opening of the annual IMF/World Bank meetings in Washington, Lagarde was asked her opinion of Trump and what she felt the impact of his trade policies would have on the world economy. “I don’t comment on U.S. elections,” she shot back. But she went on to make clear her differences with the Republican presidential candidate on international trade. Trade, said Lagarde, “is a great engine for growth” and it is necessary “to accelerate growth.”
“We need to enjoy that,” she added, hinting that a retreat from the present international trade policy of the United States could be damaging to the world economy.
Days ago, she told the Financial Times that new U.S. trade barriers suggested by the GOP hopeful would "certainly have a negative impact on global growth.”
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