Tag: protectionism

Protectionism slammed as Southeast Asian leaders rally to trade pact

by Thanaporn PROMYAMYAI / Dene-Hern Chen Agence France Presse BANGKOK, Thailand (AFP) — Southeast Asian leaders made an impassioned plea against protectionism at a regional summit in Bangkok Sunday, warning that a dragging US-China trade spat could hammer their export-led economies. Tit-for-tat tariffs between Washington and Beijing have cast a dark cloud over global growth forecasts and experts warn any drop-off in spending by the world’s two biggest economies is likely to hit Southeast Asia […]

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Putin warns protectionism, confrontational trade policy could lead to economic crisis

  Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States. Without directly naming US President Donald Trump, who has slapped on tariffs and pulled out of trade deals, Putin lamented that a new era of protectionism was emerging and “breaking” the free trade system responsible for global prosperity. “Today we need not trade […]

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SE Asian leaders to vow to fight protectionism

SINGAPORE, Singapore (AFP) — Southeast Asian leaders are expected to rally against protectionism at a summit in Singapore this weekend amid fears that tit-for-tat tariffs between the US and China could escalate into a global trade war. A region of around 650 million people, Southeast Asia is home to some of the world’s fastest growing economies, thanks largely to the benefits of free and open trade. But officials and analysts have warned that an escalation of trade tensions between […]

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Ahead of G20, Merkel warns against protectionism, isolationism

BERLIN, Germany (AFP) — German Chancellor Angela Merkel warned Thursday against protectionism and isolationism at a time when the world faces global challenges such as climate change and the threat of terrorism. “Those who think that the problems of this world can be solved with isolationism or protectionism are terribly wrong,” she told the German parliament ahead of the July 7-8 Group of 20 summit. She acknowledged that even within export powerhouse Germany, there are anti-globalization […]

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Macron faces EU summit pushback on Chinese investments

BRUSSELS, Belgium (AFP) — A push by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in Europe’s key industries faced a setback on Thursday from European Union partners who fear a rise of protectionism. European leaders will discuss the thorny topic of international trade on the second day of an EU summit on Friday, as Europe seeks to champion free trade against the protectionist policies of United States President Donald Trump. […]

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China decries protectionism in international summit attended by President Duterte and others

BEIJING, China — President Xi Jinping criticized protectionism on Monday at a summit positioning China as a champion of globalization, and secured a free trade commitment from almost 30 other world leaders as the meeting wound up. Xi addressed the leaders–including Philippine president Rodrigo Duterte—on the second day of the forum on his new Silk Road plan, a huge infrastructure project intended to revive ancient land and sea trade routes from Asia to Europe and […]

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IMF warns of protectionist threat to global growth

WASHINGTON, United States (AFP) – by Douglas Gillison The IMF on Tuesday left its global economic forecasts unchanged into 2017 but called on governments to take action against the threats of low growth and protectionism. With Britain voting to secede from the European Union and US presidential candidates disfavoring open borders, the International Monetary Fund said populist politics imperiled free trade and economic growth. Global output is expected to grow this year by 3.1 percent […]

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