Christine Lagarde said coercive trade policies cannot fix financial imbalances. She spoke in Beijing and urged policy adjustments to ease tensions. Lagarde noted a sharp rise in industrial policies boosting domestic capacity. She highlighted the surge in global demand from the United States. Lagarde suggested respecting global rules and forging mutually beneficial agreements. These steps can resolve the conflict.
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Trade war resolution may require concessions from all, ECB's President Christine Lagarde says
