Chinese President Xi Jinping has expressed his concerns about the potential consequences of reversing globalization, in response to the recent election victory of Donald Trump and his proposed tariffs on Chinese imports.
This is the first time that Xi has made a significant statement regarding the potential impact of these trade policies on China's economy. Xi's remarks highlight the increasing tensions in international trade relations, particularly as the new U.S. administration indicates a move towards protectionist measures.
The imposition of such tariffs could have wide-ranging effects on global supply chains and economic stability, causing worry among businesses and investors.