China’s Xi Warns Trade War by ‘Certain Country’ Could Severely Impact Global Economy
According to Xinhua, President Xi Jinping urged resistance against all forms of protectionism, stressing that escalating trade tensions pose risks to global economic stability.
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Terms & Concepts
Protectionism: An economic policy of restricting imports from other countries through tariffs, quotas, or regulations to protect domestic industries.
Trade War: A situation where countries impose tariffs or other trade barriers against each other in retaliation, often harming global trade and economic growth.