With global growth already slowing down, starting a trade war now between the U.S. and the European Union would be both a political and economic mistake, French Finance Minister Bruno Le Maire said Thursday.
"We have to avoid a trade war. We're facing a slowdown both at the global level and the European level and the reason why there is such an economic slowdown is that there are trade tensions all over the world," the French minister told CNBC's Joumanna Bercetche at the World Bank and International Monetary Fund meeting in Washington.
Since taking office, Trump has called out major trading partners including the EU, China and Canada for what he deemed unfair practices that affected American workers and companies. Trump increased tariffs on some U.S. imports, which led to a global trade fight that many governments and analysts blamed for hurting economic activity.
Says the French financial minister.... Lol Enough said...
No not at all. EU was trying to rip off US so many yrs.
Everything about trump’s presidency is a mistake. In fact a challenge anyone to find more than two things his entire presidency that haven’t been a mistake.
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