Tariffs will not solve problems, says DSM official

Putting up tariff barriers will not eliminate the negative impact brought about by globalization such as job losses, but reeducating workers will, a top company executive of Royal DSM said.

Feike Sijbesma, CEO of Royal DSM, a Dutch multinational company specializing in nutrition, health and sustainable living, said in an interview with China Daily that as a company that embraces globalization, he believes "putting up a fence" in the form of tariffs will not solve any problem.

"Globalization is a good thing for the world and good for billions of people," he said. "What you do in globalization is you are specializing skilled people and then we trade, exchange and manufacture."