Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Xi, Trump Offer Dueling Visions of Globalization at Asia Forum

Posted November 10, 2017

Under Economic Issues, International Trade Issues

(Peter Martin, Jennifer Jacobs & Justin Sink – Bloomberg)

Chinese President Xi Jinping and U.S. President Donald Trump laid down starkly contrasting visions for Asia’s future Friday, with Xi pledging a new era of globalization propelled by his nation’s economic might as Trump offered America’s largess only to those who play by his rules.

In back-to-back speeches to business leaders at the Asia-Pacific Economic Cooperation summit in Vietnam, Xi and Trump in effect competed for the region’s economic affections, with divergent blueprints of what the 21st Century economy should look like.

Speaking moments after Trump told the same audience the U.S. would not seek multilateral trade deals and wanted to make the system fairer for Americans, Xi painted a picture of a global order that would bring collective benefits, saying, “let more countries ride the fast train of Chinese development.” Click here to read more.