Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

EU says US-Chinese trade tariffs "bad for world trade"

EU says US-Chinese trade tariffs "bad for world trade"
Euronews logo
Text size Aa Aa

After their tit-for-tat trade tariffs came into effect on Friday China accused the US of triggering the "largest-scale trade war."

But the EU gave a more muted reaction.

Trade commissioner Cecilia Malmstrom tweeted that it's a worrying development and bad for world trade.

And France's foreign minister backed away from labelling it a trade war.

"We have to talk this through, we have to discuss this. There is a place to do it, which is the World Trade Organisation, and today Trump breaks away from this logic. It's a dangerous game. This is not yet a trade war but it looks a lot like it," Jean-Yves Le Drian said.

Many analysts fear the global economy will now suffer somewhat, the question is by how much.

The WTO's Director General Roberto Azevedo said in a statement on Friday that "this continued escalation poses a serious threat to growth and recovery in all countries."