The IMF said this week that risks to global financial stability have increased over past six months.
The world economy will expand for the next two years, but then slow as central banks tighten the money supply, the IMF says.
The goal would be to clamp down on acquisitions of sensitive technology.
“We don’t want a trade war but we are not afraid of it,” said China's ambassador.
Some analysts predict China's counterattack against U.S. tariffs will have political aims.
If Trump attempts to pull out of the trade pact, pro-trade lawmakers in Congress could try to block withdrawal.
Nokona has been making gloves in a small town outside Dallas since the Great Depression.
China and others are leading the charge, IMF says.
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