July 6, 2018 / 11:08 AM / 4 months ago

EU says U.S.-China tariff hikes damaging, trade wars 'not easy to win'

European Trade Commissioner Cecilia Malmstrom attends an interview with Reuters in Geneva, Switzerland June 4, 2018. REUTERS/Denis Balibouse/Files

GENEVA (Reuters) - European Union Trade Commissioner Cecilia Malmstrom said in a tweet on Friday that she was worried about the tit-for-tat tariff hikes between the United States and China, and warned about where the escalation was leading.

“Worrying development with escalation of tariffs between U.S. and China. Clearly damaging for the world economy. Trade wars are bad and not easy to win,” she wrote.

Reporting by Tom Miles; Editing by Alison Williams

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