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Britain's International Trade Secretary Liam Fox warned Parliament on Monday that growing protectionism could "ramp up into a global trading disaster" and said Britain and the EU's response must be measured and proportionate.

But Cheng Chunshu, deputy director of Golden Credit Rating International, said the financing cost for Chinese companies in overseas markets will also rise this year as the US Federal Reserve continues with its rate rise plan, which will narrow the gap between onshore and offshore interest rates.

Britain currently has frictionless and tariff-free trade with other EU member nations, but could face trading with the remaining EU member states on World Trade Organization tariff rates if there is no Brexit deal or possibly on reduced tariffs if a deal is reached with the EU.

British Foreign Secretary Boris Johnson told Macron that there should be a bridge between Britain and France, in addition to the rail tunnel that already exists.

Brent crude, the worldwide benchmark, slid 2.04 percent to .99 a barrel.