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EU has 'card to play' in trade war: IMF

AFP  |  Aix-En-Provence (France) 

The has "a card to play" if it offers a united front in its response to the trade war pitting the against China, said today.

"In the show of force we see coming to bear... between the on the one hand and on the other, who represent two totally different forms of capitalist impetus, can play a very particular card," told an economic forum in the southern French city of Aix-en-Provence.

"is strategic for the one as for the other (the and Russia)" when it comes to trade, said a week ahead of a bilateral EU-summit which the latter will host July 16 and 17 in

She added had the power to balance out the commercial powerplay between and with neither enjoying sufficient leverage to swing it to either camp.

"The Europeans together are a force, a power. When they are united they have a true voice" which can count, said Lagarde, adding that the EU could be a "source of inspiration for many other countries in the world.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, July 08 2018. 03:00 IST