June 26, 2018 / 8:31 AM / 6 months ago

UK's Hammond says trade war would be "disaster" for U.S.: CNBC

Britain's Chancellor of the Exchequer Philip Hammond delivers a speech at the Annual Mansion House dinner in London, Britain, June 21 2018. REUTERS/Henry Nicholls

LONDON (Reuters) - British finance minister Philip Hammond said on Thursday that the prospect of a trade war would be a disaster, especially for the United States.

“I very much hope that we can avoid a full scale trade war (because) that would be a disaster for everyone, not least for the United States,” Hammond said in an interview with CNBC.

“But what I can say is this: whatever happens the UK will remain an outspoken proponent of open markets and free trade, low tariff barriers and low non-tariff barriers.”

Reporting by Andy Bruce; editing by Guy Faulconbridge

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below