02:00 GMT +318 August 2019
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    US 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016.

    Juncker: Int'l Investment Climate to be Affected if US-China Tensions Not Solved

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    The statement comes amid an ongoing tariff war between Washington and Beijing, as US President Donald Trump has previously warned that he would increase tariffs on $325 billion worth of Chinese goods from 10 percent to 25 percent starting on Friday.

    President of the European Commission Jean-Claude Juncker expressed his concerns on Tuesday, noting that tensions between China and the US would negatively affect the investment climate around the world.

    "If investors don't have the feeling that this problem can be solved soon, then the appetite for investments on both sides of the Atlantic and throughout the world is weakening", Juncker said.

    READ MORE: US-China Tensions Are a 'Threat' To World Economy — IMF Chief

    According to him, a significant portion of global challenges should be seen in the context of the clashes between the two countries.

    The latest round of trade talks between Chinese and American officials was held in Beijing on 30 April, and the next round is scheduled for 8 May. The sides are trying to work out a mutually acceptable trade agreement that would put an end to the almost year-long tariff war.

    In the meantime, the US president claimed that his country had been losing "600 to 800 Billion Dollars a year on Trade" for a long time, with about $500 billion in losses because of Beijing's policies.

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    Trump on Tariffs: US Loses $500bn Trading With China, Not Going to Do it Anymore
    Tags:
    trade war, tariff war, US-China trade war, US-China relations, Jean-Claude Juncker, European Union, United States, China
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