EU has 'card to play' in trade war: IMF

AIX-EN-PROVENCE (France), July 08 (AFP): The European Union (EU) has "a card to play" if it offers a united front in its response to the trade war pitting the US against China, International Monetary Fund (IMF) 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 French city of Aix-en-Provence.

"Europe is strategic for the one as for the other (the United States and China)" when it comes to trade, said Lagarde a week ahead of a bilateral EU-China summit which the latter will host Julyy 16 and 17 in Beijing.