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  • "That system of rules and shared responsibility is now in danger of being torn apart," Lagarde said, referring to the multilateral trade order she said helped bring millions out of poverty.
  • "This would be an inexcusable, collective policy failure."
  • The U.S. and China have announced hundreds of billions of dollars worth of trade tariffs on each other's key exports, a tit-for-tat standoff that experts say will only cripple growth and harm jobs.

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