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Christine Lagarde, former head of the International Monetary Fund who takes the helm of the European Central Bank next month, said in an interview that the U.S. risks diminishing its role as a global leader and warned of dire consequences of its trade war with China.

“I was brought up as a citizen of this world. The risk I see is that the United States is at risk of losing leadership. And that would be just a terrible development,” Ms. Lagarde said in a “60 Minutes” program that aired Sunday.

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