In 2017, weeks after Donald Trump’s first presidential election victory, Xi Jinping became the first Chinese head of state to address the World Economic Forum in Davos, Switzerland — winning applause as he inveighed against protectionism and declared that a trade war would hurt both sides.

China’s Vice President has announced plans for the country to increase its imports of goods, ahead of the potential tariff hikes mentioned by Donald Trump on his first day in the White House. Speaking at the World Economic Forum in Davos,

Chinese stocks and the yuan tentatively rose on Tuesday, with investors relieved that U.S. President Donald Trump did not announce hefty trade tariffs at his inauguration but unwilling to bet this meant improved U.