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.