July 5, 2019

The president of France’s main business lobby group said the current global trade war was “extremely worrying” and could reverse years of rising standards.

Speaking at a meeting of major business federations in France, MEDEF President Geoffroy Roux de Bezieux told CNBC’s Annette Weisbach that free trade had created “enormous wealth.”

“It has taken hundreds of millions of people out of poverty. The current, so-called ‘economic cold war’ is extremely worrying for us,” he said Friday, before adding “We call for more multilateralism.”

Read more:

https://www.cnbc.com/2019/07/05/trade-war-worrying-says-medef-president.html