Chinese President Xi Jinping has emerged as a strong proponent of free trade in response to the growing protectionist sentiments, particularly in relation to global tariffs under former President Donald Trump.
During his speech at the APEC CEO Summit in Peru, Xi expressed concerns about the challenges faced by the global economy due to increasing protectionism, which he believes is causing a breakdown in international trade relations.
Xi emphasized the importance of unity and cooperation in the face of economic uncertainties, cautioning against dividing an interconnected global landscape.
These concerns were reiterated in his subsequent address to leaders of the 21 APEC member economies, including U.S. President Joe Biden.