The trade war between the United States and China could cut global growth by 0.5% next year, French Finance Minister Bruno Le Maire said on Wednesday, said Reuters.
Speaking to reporters on the sidelines of a meeting of eurozone finance ministers in Luxembourg, he urged a compromise on the separate trade conflict between Washington and the European Union, to avoid China profiting from it.
He also called for a global deal on an overhaul of taxation of digital firms, after the Organization for Economic Cooperation and Development (OECD) unveiled proposals that he deemed “very good.”
Back from a trip to China, Le Maire said Beijing’s trade war with the United States could cut half a percentage point from global growth next year.
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