donald trump: Peruvian President Pablo Kuczynski said global trade stopped growing in the last two years and would worsen if nations closed off their economies, according to Deutsche Welle. It is fundamental that world trade grow again and that protectionism be defeated, said Kuczynski, a US-trained economist and former investment fund manager. Following the United Kingdom vote to leave the EU in June and the United States electing Donald Trump as president earlier in November, there is concern at the APEC meeting over the threat to free trade. Anyone who wants to promote protectionism should read an economic history of the 1930s. US Trade Representative Michael Froman reassured leaders that US policy would not experience a dramatic change once Trump takes office in January. A delegate at ministerial meetings on Thursday and Friday said that APEC ministers were concerned over protectionism in the United States and that the mood was somber.
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