Mnuchin defends Trump's views on trade with China at IMF meeting
Steve Mnuchin holds a press conference during the IMF/World Bank spring meeting. Photo: Andrew Caballero-Reynolds/AFP/Getty Images
The International Monetary Fund believes that the world economy could grow 3.9% over "this year and next," the AP reports, which "would be the fastest since 2011."
But, but, but: The IMF's policymaking committee said "a strong world economy is threatened by increasing tension over trade and a heavy global debt load." Per the AP, the trade war between China and the U.S. could "drag down worldwide growth." Treasury Secretary Steven Mnuchin argued in favor of the administration, saying what drags down the global economy is "unfair global trade practices."