An escalation in a trade conflict between the United States and China will further damage the global economy, German Finance Minister Olaf Scholz warned on Tuesday, urging all sides to negotiate.
“A further escalation will only do damage, trade conflicts are already hurting the global economy,” Scholz said in a statement, adding everyone should keep a level head, tone down the rhetoric and return to the negotiating table.
“If that succeeds, we will get back to more growth,” he said.
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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