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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French minister warns of new Cold War from USChina tensions
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Date: 19.12.2018, 07:38 / Views: 74272