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EU President Donald Tusk has warned that “trade wars will lead to recession, while trade deals will boost the economy” during a speech at the G7 summit of world leaders in France.

Leaders of the G7 countries are meeting in southern France today, with the burning Amazon rainforest, falling stock markets and divisions over trade and Brexit providing the backdrop to proceedings.

Tusk cautioned that US President Donald Trump’s escalating trade skirmishes with China and Europe could force economies around the world into recession.

The US or China has not responded to this statement as of yet.

-Noah Harte