Nov 07, 2018 02:23 PM

Former U.S. Treasury Secretary Sees Prospect of ‘Economic Iron Curtain’ Amid Trade War

Photo: Bloomberg
Photo: Bloomberg

(Singapore) — There’s a risk of an “economic Iron Curtain” forming in the global economy if the world’s two largest economies do not move past their disputes and come up with a workable consensus, former U.S. Treasury Secretary Henry Paulson said Wednesday in Singapore.

“There’s obviously a lot of finger pointing between Beijing and Washington these days,” said Paulson, the current chair of the Paulson Institute think tank. “This reflects rapid change and the emergence of a very different strategic dynamic.”

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