The trade war is weighing ‘like a big, dark cloud’ on the global economy, says Christine Lagarde
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For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.
Lagarde, who has run the International Monetary Fund since 2011 and was selected in July to replace Mario Draghi from Nov. 1, said the tariffs that the U.S. and China have slapped on each other’s goods are set to shave 0.8% off…