Views on the impact of China-US trade frictions
chinadaily.com.cn |
Updated: 2019-05-22 06:40
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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.
