IMF's Lagarde: nobody wins in a trade war

International Monetary Fund (IMF) Managing Director Christine Lagarde was out on the wires in the last hour, commenting on the recent hot topic of a possible global trade war. 

Key quotes:

   •  Trade war could have impact on world growth and trade
   •  Macroeconomic impact of US trade tariffs would be serious if other nations do the same
   •  Trump has some reasons to consider trade sanctions as some countries do not respect the rules