European Central Bank President Christine Lagarde stated that trade must be a two-way street and hopes that the U.S. and China can engage in a dialogue amid rising tensions.
President Christine Lagarde appeared on CBS’s "Face the Nation," where she was asked about the increasing pressure on to side economically with either the U.S. or China, and whether the U.S. is losing its global influence.
"There is clearly a competition between these large economies," Lagarde said, referring to the two nations. Lagarde, a French politician and lawyer who previously served as managing director of the International Monetary Fund from 2011 to 2019, said she hoped that the U.S. and China can engage in dialogue and warned that trade should not be confrontational.
European Central Bank President Christine Lagarde struck a hopeful tone Sunday, saying that"conflict is not unavoidable" as tensions rise between the U.S. and China. "All these relationships, whether it's trade whether it's politics whether it's economic development or whether it's financial stability, it is a two-way street," she said. "We cannot ignore each other, and trade should not be confrontational. … Conflict is not unavoidable."
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