French Finance Minister Bruno Le Maire said that the risk of a US-China trade dispute escalating constitutes the biggest threat to world economic growth.
"There is no greater threat to world growth," Le Maire told CNews. "It would mean that trade tariffs go up, fewer goods would circulate around the world… and jobs in France and in Europe would be destroyed".
The Chinese Commerce Ministry responded to the federal notice by warning the US of countermeasures.
The United States and China have been in a trade dispute since June 2018, when Trump announced the imposition of 25 percent tariffs on Chinese goods worth of $50 billion in a bid to fix the US-Chinese trade deficit. Since, the two countries have exchanged in several rounds of trade tariffs.