Lagarde: EU has ‘card to play’ in trade war

AIX-EN-PROVENCE: The European Union has “a card to play” if it offers a united front in its response to the trade war pitting the United States against China, International Monetary Fund director Christine Lagarde said Saturday.

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