The trade war between the United States and the European Union is a political and economic mistake: the Frenchman Bruno Le Maire

While global growth was already slowing, the outbreak of a trade war between the United States and the European Union would be a political and economic mistake, said Thursday the French Minister of Finance, Bruno Le Maire.

Trump on Twitter: Too bad that the European Union is so tough on the UK and Brexit. The US is also a brutal trading partner with the United States, which will change. Sometimes, in life, you have to let people breathe before everything comes to bite you!

"We must avoid a trade war.We are facing a slowdown both globally and at European level and the reason there is such an economic slowdown is that there are trade tensions all over the world," said the French minister to AFP. CNBC's Joumanna Bercetche at the World Bank and International Monetary Fund meeting in Washington.

"There are trade tensions between the United States and China, we should not add trade tensions between the United States and the EU, it will be a political mistake and an economic mistake too," he said. -he adds.

Trump on Twitter: the World Trade Organization estimates that EU subsidies to Airbus have had a negative impact on the United States, which will now apply tariffs on $ 11 billion worth of EU products! The EU has been benefiting from US trade for many years. It will soon stop!

Since taking office, Trump has called on key trading partners, including the EU, China and Canada, for what he saw as unfair practices affecting US workers and businesses. Trump has raised tariffs on some US imports, which has led to a worldwide trade wrestling that many governments and badysts have blamed for harming economic activity.

The IMF cut its global growth forecast this week for the third time since last October. According to the fund, the global economy is expected to grow by 3.3% in 2019, compared to an earlier forecast of 3.5%.

European economies are expected to be among the biggest contributors to the global slowdown, according to the IMF. This comes at an inconvenient time for the bloc, according to Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs.

The region, he explained, is currently preparing for another potential shock: the UK will leave the EU without agreement.

The United Kingdom and the European Union have concluded this week an agreement to extend the Brexit deadline until 31 October. The next six months should be spent on keeping the UK out of the bloc and slowing down the European and global economy Even more, Moscovici told CNBC Bercetche at the same meeting in Washington.

"Let's avoid a" no-deal "(Brexit)," he said. "We really have to find a way to live together and for that, an agreement – I do not know which agreement, it belongs in the UK to say exactly what they want – is much better than the absence d & # 39; agreement. "