Speaking Tuesday at the World Economic Forum, Chinese President Xi Jinping warned the U.S. that engaging in a global trade war will do more harm than good. “No one will emerge as a winner in a trade war,” Xi said. “We must remain committed to developing free trade and investment, promoting liberalization and facilitation through opening up, and saying no to protectionism.” Xi never mentioned Donald Trump by name, but seemingly called out the incoming U.S. president for his repeated overtures to anti-globalization policies such as tariffs and import restrictions.
