Russian President Vladimir Putin warned yesterday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States.Without directly naming US President Donald Trump, who has slapped on tariffs and pulled out of trade deals, Putin lamented that a new era of protectionism was emerging and “breaking” the free trade system responsible for global prosperity.“Today we need not trade wars or even trade truces, but trade peace,” Putin told an economic summit in Saint Petersburg, also attended by Japan’s Prime Minister Shinzo Abe and French President Emmanuel …read more
Source: Gulf times
