Positive news may ease global market tensions, says Al-Jadaan

Mohammed Al-Jadaan, Saudi Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), expects within the next few weeks positive news that may help ease market and global economic tensions stemming from the trade war.

In an interview with Asharq Business on the sidelines of a press conference for the 51st meeting of the IMFC held in Washington, Al-Jadaan said that the committee held four extensive meetings featuring productive discussions aimed at finding solutions.

He emphasized that escalation serves no one’s interest—whether in China, the US, Europe, or the Middle East—pointing out that both the US and China understand that the current situation is unsustainable.

Al-Jadaan added that the world should not be surprised by the existence of trade tensions, considering this an opportunity to engage in constructive dialogue on ways to move forward together.