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Last Updated : Nov 17, 2018 01:05 PM IST | Source: PTI

French minister warns of new cold war from US-China tensions

Le Maire made the alarm-sounding comments at a Friday conference in Paris on the World Trade Organization's future.

French Finance Minister Bruno Le Maire 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 November 16 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.

To counter the threat, he said the WTO needs reforming by solving its "consensus paralysis" on decision-making and by enforcing international trade rules.
First Published on Nov 16, 2018 01:02 pm
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