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Chinese Vice Premier Warns Against Global Trade Wars at Davos Forum

KVIA•Tuesday, January 20, 2026 at 3:22 PM•CNN Newsource

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AI Summary

During the 2026 World Economic Forum in Davos, China's Vice Premier He Lifeng highlighted the detrimental effects of global tariffs and trade wars on the world economy. He emphasized that such conflicts yield no winners and urged for solidarity amid rising global tensions. The forum also features prominent leaders, including U.S. President Donald Trump, who recently threatened new tariffs on European countries over Greenland. Lifeng's remarks come on the heels of a fragile truce between the U.S. and China regarding tariffs, which saw a significant reduction from 145% to 20% on Chinese imports. Despite challenges, China achieved a record trade surplus of $1.2 trillion in 2025, reflecting its ability to pivot and expand into other markets.

Key Details: • World Economic Forum 2026 is taking place in Davos, Switzerland. • He Lifeng emphasized the importance of dialogue and cooperation for global stability. • Trump's recent threats of new tariffs could impact international relations further. • China's trade surplus reached $1.2 trillion in 2025, a 20% increase from 2024.

trade tariffs china global-economy davos

People & Organizations

Donald TrumpVolodymyr ZelenskyGreenlandEmmanuel MacronJavier MileiDavosWorld Economic ForumHe Lifeng

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