Trump's protectionism, Xi Jinping's counteroffensive...'Economic War' Clashes At APEC [Now News]

While the protectionist trend is expected to emerge around the launch of the "Second Trump Administration" next year, Chinese President Xi Jinping has made remarks again at the international multilateral conference that are wary of it.Chinese state media reported that on the last day of the Asia-Pacific Economic Cooperation and APEC summit held in Lima, Peru on the 16th local time, President
Xi pointed out that "efforts for Asia-Pacific regional cooperation faced challenges such as unilateralism and the rise of protectionism."President

stressed the need to maintain a universally beneficial and inclusive vision among APEC members, saying, "We must break down the high barriers that hinder the flow of trade, investment, technology, and services, and maintain a stable and smooth industrial supply chain."

"We welcome all parties to continue boarding China's developing express train," he said. "China will provide new opportunities for the world beyond the Asia-Pacific region."On the previous day, President

indirectly criticized Trump's "America First" in a written speech at the APEC CEO Summit, saying, "We must reject unilateralism and protectionism" and "attempts to break interdependence on all grounds are only retrograde."

Earlier, Trump vowed to impose a 10% to 20% universal tariff on imports and said he would impose high tariffs on all Chinese imports.

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journalistAI Anchor|Y-GO
Edit Caption | Lee Mi-young


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