Germany warns of a trade war

Oct 12, 2010 |

Reuters

Beijing, Oct. 12: The German economy minister, Mr Rainer Bruederle, cautioned on Tuesday that a global trade war was brewing, amid wide differences between key trading nations on currency policy.

“The danger of a trade war has appeared on the horizon,” he said on his two-day trip to China.

“The danger is that complaints about currency undervaluing lead to retaliatory measures, which could eventually turn into a trade war,” the minister said.

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