China has become a strong advocate for free trade after U.S. President Donald Trump’s election, with President Xi Jinping and other top leaders working to boost its role in global governance.
Asian countries are committed to globalization, Zhang said, mirroring Xi’s defense of free trade before the World Economic Forum in Davos. He said that it brings new pitfalls that must be taken seriously. Globalization should be made more inclusive and leaders must work hard to address unevenness to make development fair, he said.
For the first time in decades, China and the US are on different sides of the table with regard to free trade. This represents a fundamental shift from a policy that started with the Nixon Administration and has never looked back, until now.
Bernie Sanders ran on a similar platform of protectionism to President Trump.
Is this a phase that ends with President Trump or the new American reality? Does this really protect the American worker or is it just a feel good card trick that will hurt the US economy in the long term?