U.S. Markets closed

Central Banks Fret Trade War More Deflationary Than Inflationary

Michelle Jamrisko, David Biller, Toru Fujioka
Central Banks Fret Trade War More Deflationary Than Inflationary

Global central bankers sounded the alert that a trade war would leave them worrying more about the economic fallout than any boost tariffs would give to inflation. As President Donald Trump threatens to impose levies on imported steel and aluminum and duties on as much as $150 billion of Chinese goods, uncertainty over global commerce is casting a pall over an otherwise strong outlook. The tensions were a key theme at the IMF meetings in Washington, with policy makers on Saturday warning of challenges in a communique.