Fidelity Investments - Dow Jones
Josh Zumbrun, Saumya Vaishampayan and I-Made Sentana
Oct. 14, 2018
BALI, Indonesia--The International Monetary Fund kicked off its annual gathering this past week with a stern warning about protectionism, downgrading its global growth outlook in part because of trade conflicts.
But it ended it with central bankers and finance ministers taking a much less dire and confrontational tone than America's trading partners had after previous international meetings.
Earlier meetings came against the backdrop of tough rhetoric from Washington about the trading practices of U.S. allies and open threats of new tariffs on cars. This time, officials gathering in Bali took some comfort from progress resolving many trade disputes even as a standoff between the U.S. and China has escalated.
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