IMF warns G20 that tariffs hurting economy

The International Monetary Fund (IMF) is warning world economic leaders that the recent wave of trade tariffs would significantly harm global growth.

In a note to G20 ministers, the director of IMF said global growth may peak at 3.9 percent in 2018 and 2019.

Moreover, downside risks have increased due to the growing trade conflict.

Those trade tariffs mainly coming from the White House, where U.S. President Donald Trump on Friday threatened tariffs on all $500 billion of Chinese exports to the U.S.