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Buenos Aires (APA / AFP) – The French Minister of Economy and Finance, Bruno Le Maire, warned the United States against the destructive consequences of a trade war in the country. The occasion of the G20 summit in Buenos Aires. He called the United States on Saturday in an interview with the AFP news agency "Reason, Respect for Multilateral Rules and Respect for Their Allies."
"This trade war will only cause losers, destroy jobs and add to global economic growth." said the Mayor. "Americans and Europeans are allies, we can not understand why we Europeans are affected by the increase in US commercial tariffs."
The French minister warned that world trade could not be changed according to the "law of the jungle". On the contrary, problems must be discussed multilaterally. "The right way to solve the problems is a discussion between the United States, Europe and China," said The Mayor.
The finance ministers and central bankers of the 20 major industrialized and emerging economies meet in Buenos Aires on Saturday and Sunday. The current trade conflicts are at the top of the agenda
The director of the International Monetary Fund (IMF), Christine Lagarde, warned again that the world economy would be affected by the protectionism of the world. 39, opening of the meeting. Given the planned and already existing trade restrictions, global economic output could at worst be less than half a percentage point in 2020, or 430 billion dollars (368 billion euros), according to a simulation from the IMF in 2020.
Donald Trump The EU and China have recently been described as "opponents" in terms of trade policy. He punished both the People's Republic and the EU countries with punitive tariffs. US Treasury Secretary Steven Mnuchin said in Buenos Aires the "desire for a more balanced relationship" in trade between the US, China and the EU.
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