While US builds walls, China ripping them down

By Shaun Narine – Asia Times

The United States is threatening to impose tariffs on its major trading partners. In the meantime, China is consolidating its position as the world’s manufacturing and technological innovation hub by increasing trade with the Global South.

If the American role in globalization has been to consume the world’s products and resources by building on a foundation of ever-increasing debt, China’s has been to make tangible goods for the international market.

China is opening up its economy, especially to the nations of the Global South.

Effective December 2024, China eliminated all tariffs on goods from the least developed countries. Chinese Premier Li Quang has also described China as an economic opportunity for global investment.