Trade Grievances Between the U.S. and China

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva stated that both the U.S. and China have trade grievances. It is crucial for these two largest economies to minimize uncertainty and establish a fairer, rules-based trading system.

Georgieva made her comments during an event in Washington ahead of the upcoming IMF and World Bank spring meetings. She highlighted U.S. concerns regarding China’s intellectual property practices and non-tariff barriers, while noting that China seeks U.S. engagement to achieve a more stable economic relationship.

“We would like to see a reduction in uncertainty, and it is hard to get there if the two largest economies are still finding their footing. From the perspective of the world economy, it is important that this results in a fairer, rule-based system,” Georgieva remarked.