Trump is trying to 'de-globalize' the Chinese and US economies, former WTO chief says
President Donald Trump is trying to "de-globalize" the U.S. and Chinese economies, the former head of the World Trade Organization (WTO) told CNBC on Monday. Trump has imposed tariffs on Chinese goods since the start of the year in an attempt to reduce the U.S.'s trade deficit. The controversial policy is intended to reduce the attractiveness of Chinese products, given that they become pricier with tariffs imposed on them. But the decision to impose tariffs on China has led to retaliatory measures from Beijing, which has also increased the price of U.S. imported goods for Chinese consumers.