Views on the impact of China-US trade frictions
Share - WeChat
Protectionist policies are very shortsighted. While they may have short-term political appeal, in the long term they drag countries to the bottom and guarantee lower living standards. We now live in a highly interconnected globalized digital economy. Protectionist policies impact the entire world trade system and matters can escalate very quickly. Ultimately, there are no winners in a global trade war.