Escalation of U.S.-China trade dispute is very worrying - Germany's BDI
- Country:
- China
- Germany
- United States
The latest escalation in the U.S.-China trade dispute is very worrying, BDI President Dieter Kempf said on Tuesday, adding that firms which have invested in the United States and China were directly affected by new tariffs.
"The United States and China must urgently de-escalate the conflict," Kempf said.
He added that it was high time to strengthen the World Trade Organisation (WTO) by modernizing its rules framework and improving its monitoring mechanisms.
Advertisement
ALSO READ
Decarbonization of Aluminum Industries: States Play Pivotal Role, Study Reveals
Mentally unwell woman reunited with family after being found in distant state
Soccer-Premier League referee to wear camera for first time in Palace v Man United clash
Manchester United winger Antony reveals reason behind unique goal celebration against Burnely
Congress, India Bloc Parties United to Uphold Constitution, Democracy: Sonia Gandhi in Video Address