“Pursuing protectionism is like locking oneself in a dark room,” said China’s President Xi Jinping at the World Economic Forum in Davos. “Wind and rain may be kept outside, but so is light and air.” Is China the new global champion of free-trade? Xi’s words of warning were directed at the new American President Donald Trump. Meanwhile in Washington, the president backed the world’s largest economy out of the Trans-Pacific Partnership TPP, cancelled its transatlantic counterpart and imposed new tariffs on imports of industrial goods. Why does Communist China prefer free trade and the capitalist USA splurge in protectionism?
China and the US Contradict Each Other on Trade
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China and the US Contradict Each Other on Trade
“Pursuing protectionism is like locking oneself in a dark room,” said China’s President Xi Jinping at the World Economic Forum in Davos. “Wind and rain may be kept outside, but so is light and air.” Is China the new global champion of free-trade? Xi’s words of warning were directed at the new American President Donald Trump. Meanwhile in Washington, the president backed the world’s largest economy out of the Trans-Pacific Partnership TPP, cancelled its transatlantic counterpart and imposed new tariffs on imports of industrial goods. Why does Communist China prefer free trade and the capitalist USA splurge in protectionism?