China bids to become global leader on free trade
President Donald Trump officially backed out of the Trans-Pacific Partnership today, essentially scrapping his predecessor’s most significant trade deal. In its place, Trump said he will institute an “America-first” policy, including renegotiating existing multilateral trade deals.
As some question whether the U.S. is still the global champion of free trade, Chinese President Xi Jinping said China is ready to assume that global leadership role. But the country’s vision of global free trade is not the same as America’s.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
