BREAKING NEWS

China's Sinochem boss dismisses 'crazy' Trump polices

By REUTERS

NOVEMBER 19, 2016 04:02

Updated: NOVEMBER 19, 2016 04:01

LIMA - Global business leaders meeting in Lima think proposals by US President-elect Donald Trump to build a wall along the Mexican border and hike tariffs on Chinese imports are unlikely to happen, said the head of China's state-run Sinochem on Friday.

"We worried a bit on the incoming US President Donald Trump, and his policies, but I think we basically agree we don't think he will really build a wall between Mexico and the US and we don't think he will really increase import duties on Chinese products," Ning Gaoning told journalists on the sidelines of a conference of Pacific rim economies.

"We believe countries are rational, and we doubt Mexico will pay for that wall...I don't think our world will go that crazy."

Trump, a Republican, pulled off a surprise victory in the US presidential election after appealing to voters in states that had long supported Democrats, promising to curb immigration and bring back jobs by renegotiating international trade deals.

His victory vote has exacerbated worries that about the future of free trade and the Trans-Pacific Partnership (TPP) trade pact, which Trump has criticized. Those are the key themes under discussion in this week's Asia-Pacific Economic Cooperation (APEC) summit in Peru.

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