Macron warns ‘trade tensions are bad for everyone’

EU Council President Donald Tusk warned yesterday that US President Donald Trump’s escalating trade skirmishes with China and Europe could force economies around the world into recession.

“Trade wars will lead to recession, while trade deals will boost the economy,” Tusk said as leaders of the Group of Seven (G7) countries descended on the French resort town of Biarritz for a three-day summit.

French President Emmanuel Macron, the summit’s host, also warned of the widespread fallout from the trade disputes.

In a televised address to the nation from Biarritz, Macron said his goal was “to convince all our partners that trade tensions are bad for everyone”. And he vowed to work on “a real recovery” for the global economy.

“We have to achieve some form of de-escalation, stabilise things, and avoid this trade war that is taking place all over,” he said.

“We have to work for more growth, and more jobs,” he added.

 

Macron warns trade tensions are bad for everyone

EU Council President Donald Tusk warned yesterday that US President Donald Trumps escalating trade skirmishes with China and Europe could force economies around the world into recession. Trade wars will lead to recession, while trade deals will boost the economy, Tusk said as leaders of the Group of Seven (G7) countries descended on the French resort town of Biarritz for a three-day summit. French President Emmanuel Macron, the summits host, also warned of the widespread fallout from the trade disputes. In a televised address to the nation from Biarritz, Macron said his goal was to convince all our partners that trade tensions are bad for everyone. And he vowed to work on a real recovery for the global economy. We have to achieve some form of de-escalation, stabilise things, and avoid this trade war that is taking place all over, he said. We have to work for more growth, and more jobs, he added.