European Union Trade Commissioner Cecilia Malmstrom said in a tweet on Friday that she was worried about the tit-for-tat tariff hikes between the United States and China, and warned about where the escalation was leading.
“Worrying development with escalation of tariffs between U.S. and China. Clearly damaging for the world economy. Trade wars are bad and not easy to win,” she wrote.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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