Xi Jinping’s Push for Stable World of Low Tariffs Undone by Trump, Putin

Xi Jinping’s Push for Stable World of Low Tariffs Undone by Trump, Putin

For Xi Jinping, the main objective during two global summits was to push for a peaceful world with fewer trade barriers so he can focus on reviving China’s economy. Donald Trump and Vladimir Putin disrupted those plans.

In more than a dozen meetings with world leaders over a week in South America, Xi repeatedly sought to win assurances that nations would uphold the international free trade system as Trump threatens to put 60% tariffs on Chinese goods. He also continued to walk a tightrope regarding Russia’s invasion of Ukraine, which took center stage after Putin spooked markets by removing some guardrails on the use of nuclear weapons.

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