Trade war a ‘lose-lose’ situation: Rajan
New Delhi, Jun 5 (DIN NEWS) Former RBI Governor Raghuram Rajan today expressed concern over escalation of trade war between the US and China saying it would be a “lose-lose” situation if the two major economies carry out their threats. Rajan also cautioned that the situation can get “out of control very quickly” hampering global growth. The Trump administration’s decision to impose tariffs on aluminium and steel imports had triggered a trade war with several countries including China, which announced retaliatory measures. “Well I think at this point the biggest risk…
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