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Trade tensions could spark a ‘global economic crisis,’ says former trade minister

  • George Yeo, a former Singapore foreign and trade minister, says there's potential for a "global economic crisis" arising from the U.S.-China trade war.
  • Yeo, who is now chairman of Kerry Logistics Network, says the company has profited in the short run as companies divert trade and investment to avoid tariffs.
  • He says that the best chance to resolve the trade war is in direct talks between U.S. President Donald Trump and Chinese President Xi Jinping.

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