IMF's Lagarde expects U.S. and China to reach trade deal

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IMF's Lagarde expects U.S. and China to reach trade deal
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International Monetary Fund Managing Director Christine Lagarde said on Monday s...

BEVERLY HILLS, Calif. - International Monetary Fund Managing Director Christine Lagarde said on Monday she expects the United States and China to reach a deal to end their trade dispute, which has unnerved financial markets and cast a shadow over the global economy.

Washington and Beijing have been engaged for the past year in a trade war marked by tariffs on billions of dollars in goods and threats of escalation. The talks are now at a critical point. Other speakers during the three-day conference include the chiefs of financial powerhouses Goldman Sachs, Blackstone Group, State Street Corp as well as top investors including Steven A. Cohen, Thomas Barrack and Ken Griffin and prominent pension funds and endowments.

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