China will emerge as the global trade leader as President Donald Trump introduces isolationist and protectionist policies to focus on domestic growth of infrastructure and growth, says Frank Holmes, CEO of Global Investors. At the moment, it’s unclear whether he’s serious about actually imposing sanctions on Chinese goods or whether he’s using the threat simply as a negotiating tactic. The shift is spurred by the growth of China's middle class. "China has become a much more important market for U.S. companies than it was even five years ago," Holmes said. As disposable incomes increase, Chinese tourists are expected to spend more money overseas. Additionally, demand for American-made goods and services will rise, especially among advanced technology products.
China will emerge as the global trade leader as President Donald Trump introduces isolationist and protectionist policies to focus on domestic growth of infrastructure and growth, says Frank Holmes, CEO of Global Investors. The shift is spurred by the growth of China's middle class. "China has become a much more important market for U.S. companies than it was even five years ago," Holmes said. As disposable incomes increase, Chinese tourists are expected to spend more money overseas. Additionally, demand for American-made goods and services will rise, especially among advanced technology products.