Finnish leader: Protectionism detrimental
Stubb says free trade benefits global good rather than just a narrow national interest
Additional tariffs and trade protectionism are always short-term measures that are detrimental to both national and global economies, visiting Finnish President Alexander Stubb has said.
He said at a news conference on Tuesday evening in Beijing that the European Union and China need to avoid going into a cycle of raising tariffs and escalating trade conflicts.
The European Commission, the EU's executive body, announced later on Tuesday the imposition of anti-subsidy tariffs on Chinese-made electric vehicles, a decision that sparked strong opposition from some EU member states and key industry stakeholders.
