Bank of Italy Governor Fabio Panetta, France's Minister for Economy and Finances Bruno Le Maire and Italy's Minister of Economy and Finance Giancarlo Giorgetti pose for a picture at the G7 Finance Ministers and Central Bank Governors' Meeting in Stresa, Italy May 24, 2024. — Reuters picSTRESA , May 24 — France’s Finance Minister Bruno Le Maire said today the G7 must provide a “united front” against Chinese unfair trade and industrial overcapacity, without sparking a trade war.
“China is our economic partner. But China has industrial overcapacities. And the G7 must present a united front to protect its industrial interests,” Le Maire said.“All the instruments at our disposal must be used, whether it is at the G7 level or at the European level, to protect our industrial interests and to protect ourselves from unfair trade practices,” he added.