NEWS: World Bank President Jin Yong said if trade war is going up
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World Bank President Kim Yong said Thursday he was very concerned about trade tensions between the United States and China and warned that global growth would suffer a significant impact if all countries raised the threat of tariffs.
Kim Yong spoke at the annual meeting of the International Monetary Fund (IMF) and the World Bank in Bali.
Kim says more research is needed to understand the impact of the trade war on countries exporting goods and services to China.