Przewodniczący SocGen, „cała światowa gospodarka” będzie zagrożona, jeśli wojna handlowa między USA a Chinami znacznie się zaostrzy

Aktualności finansowe

Financial market participants are not paying enough attention to the escalating U.S.-China trade war, Societe Generale Chairman Lorenzo Bini Smaghi told CNBC on Friday.

“I don’t think a trade war is very good, said Bini Smaghi, an Italian economist and former European Central Bank board member. He acknowledged there is a need to “put pressure on China to liberalize.”

However, the world’s two largest economies need to find a way to resolve their trade dispute before it spills over and drags down global growth, Bini Smaghi told “Squawk Box.”

“If it gets worse, the whole world economy is going to slow down,” said the chairman of SocGen, the Paris-based banking giant.

Administracja Trumpa ogłosiła w poniedziałek 10-procentowe cła na kolejny chiński import o wartości 200 miliardów dolarów, które pod koniec roku wzrosną do 25 procent.

W odpowiedzi we wtorek Chiny oświadczyły, że nałożą odwetowe cła na amerykańskie towary o wartości 60 miliardów dolarów.

The question now is whether Trump will follow through on a threat to put tariffs on the rest of Chinese imports, which totaled $505 billion last year, according to federal data.

The president has said he wants to prevent China from stealing U.S. technology and he wants to reduce America’s trade deficit with China, which was $375 billion in 2017.