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Bundesbank's Weidmann: U.S.-China row may reduce world trade by 1%

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06/09/2019 | 06:08am EST

FUKUOKA, Japan (Reuters) - A trade dispute between the United States and China could reduce global trade by 1% in the medium term, Bundesbank President Jens Weidmann said on Sunday.

"The world economy is suffering a lot from the uncertainty," Weidmann said after a meeting of G20 finance ministers and central bank governors, adding Germany's economy may shrink slightly in the second quarter but no stimulus was needed.

(Reporting by Christian Kraemer; Writing by Madeline Chambers; Editing by Dale Hudson)

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