IMF chief calls for reduction of tariffs

The head of the International Monetary Fund (IMF) has urged the G20 country's to reduce tariffs.

Christine Lagarde warned that the global economy had hit a “rough patch” due to several ongoing trade conflicts.

On Saturday China and the USA agreed to resume trade negotiations, a move which is expected to ease a row that has led to a global economic slowdown.

In a statement, Lagarde said: “While the resumption of trade talks between the United States and China is welcome, tariffs already implemented are holding back the global economy, and unresolved issues carry a great deal of uncertainty about the future."