Thread by @ChinaDaily

Escalating disputes between China and the United States could significantly weaken sentiment in business and financial markets, disrupt global supply chains and create an economic drag this year, the International Monetary Fund warned on Friday. @IMFNews #trade

The IMF research, citing official data, found that the revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers. cards.twitter.com/cards/18ce54pl…

"Some of these tariffs have been passed on to US consumers, such as those on washing machines, while others have been absorbed by importing firms through lower profit margins," the research said. #trade @IMFNews cards.twitter.com/cards/18ce54pl…

The IMF report warned that the additional impact of the recent and future tariffs will cut about 0.3 percent of global GDP in the short term, with half stemming from negative effects on business and market confidence. #trade @IMFNews cards.twitter.com/cards/18ce54pl…