‘US-China trade war not a threat to world economy’

Nusa Dua (Indonesia): US Treasury Secretary Steven Mnuchin (pic) pushed back against warnings that Washington’s trade fight with China imperils the world economy, saying that pushing Beijing to open up will be good for all.

The IMF has warned this week at annual meetings in Bali that the escalating US-China trade confrontation would hobble global economic growth, as the fund lowered its forecasts for this year and next.