Speaking to reporters on the sidelines of a meeting of euro zone finance ministers in Luxembourg, he urged a compromise on the separate trade conflict between Washington and the European Union, to avoid China profiting from it.
Back from a trip to China, Le Maire said Beijing's trade war with the United States could cut half a percentage point from global growth next year."There should be around 0.5 percent growth level that would be diminished due to the trade war," he said. Le Maire's pleas for the settlement of trade wars will be echoed by the EU at a G20 meeting of finance ministers and central bankers next week in Washington, according to an EU document to be adopted on Thursday.
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