PARIS, March 7 (Reuters) - The International Monetary Fund'sManaging Director Christine Lagarde said on Wednesday thatnobody wins in a trade war and that the macro-economic impact ofU.S. tariffs on imports would be serious if other countriesrespond with tariffs of their own.
"The macro-economic impact would be serious, not only if theUnited States took action, but especially if other countrieswere to retaliate, notably those who would be most affected,such as Canada, Europe, and Germany in particular," Lagarde saidon French radio RTL.
On Tuesday, U.S. President Donald Trump reiterated his planto slap big tariffs on imports of steel and aluminum, warningthe European Union it would get hit with a "big tax" for nottreating the United States well when it comes to trade.