Medvedev warns of "new Cold War" at Munich Security Conference
French minister warns of new Cold War from USChina tensions
- French Finance Minister Bruno Le Maire warned there's a "real risk" that a Cold War between China and the United States could arise out of the trade tensions between the two.
- Le Maire made the alarm-sounding comments at conference in Paris on the World Trade Organization's future, saying that every other country in the world would lose out.
- To counter the threat, he said the World Trade Organization needed to solve what he called its "consensus paralysis" on decision-making and to enforce international trade rules.
PARIS — French Finance Minister Bruno Le Maire has warned that the trade dispute between the United States and China could escalate into a fresh Cold War.
Le Maire made the alarm-sounding comments at a Friday conference in Paris on the World Trade Organization's future.
He said there's a "real risk" that a Cold War between China and the United States could arise out of the trade tensions between the two and that every country in the world would lose out.
Read more:Venezuela is rolling out a new ID card manufactured in China that can track, reward, and punish citizens
To counter the threat, he said the WTO needed reforming by solving its "consensus paralysis" on decision-making and by enforcing international trade rules.
President Donald Trump has imposed import taxes on Chinese goods, and the Chinese have responded with tariffs of their own.
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