French Finance and Economy Minister Bruno Le Maire said the escalation of the trade war between the United States and China would mean "an economic crisis all over the world, and especially in Europe." In a CNBC interview, Le Maire insisted that an intensified trade dispute between the two of the leading global economies would have a "direct and very negative impact all over the world, especially Europe and the Eurozone."
Turning to Chinese tech giant Huawei and Washington's call for its allies to block it, the minister said that France is not concerned about a particular company, but its "national sovereignty" in general. He added Huawei is currently involved in France's 4G network but that Paris will be vigilant in ensuring the 5G technology does not infringe on citizens' rights.
