December 1, 2018 / 6:12 PM / a year ago

Lagarde warns G20 leaders that trade tensions threaten global economy

China's President Xi Jinping talks with International Monetary Fund (IMF) Managing Director Christine Lagarde after a family photo during the Asia Pacific Economic Cooperation (APEC) forum, in Port Moresby, Papua New Guinea, November 18, 2018. REUTERS/David Gray

BUENOS AIRES (Reuters) - International Monetary Fund Managing Director Christine Lagarde called on G20 leaders to urgently de-escalate trade tensions and reverse tariff hikes, warning that they risked slowing global growth.

“Pressures on emerging markets have been rising and trade tensions have begun to have a negative impact, increasing downside risks,” Lagarde said in a statement issued at the conclusion of the G20 summit in Buenos Aires.

Reporting by Cassandra Garrison, editing by Ross Colvin

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