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Vietnam Leader Warns Trade Wars Lead to Poverty in Shot at Trump [Yahoo! Finance]
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far of US President-elect Donald Trump's approach to trade as world leaders gather this week in Peru. Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions NYC Congestion Pricing Plan With $9 Toll to Start in January “Isolationists, protectionism and trade wars lead only to recession, conflict and poverty,” Cuong told government and business leaders gathered at the APEC CEO Summit in Lima, Peru, on Thursday. “Now more than ever it's critical to transcend the zero-sum game mindset and guard against nationalism skewing policy decisions,” said Cuong, who was named last month as Vietnam's president. “Every country, regardless of its size, must adhere to international law and act responsibly, acknowledging that each decision carries significant, far-
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