This year’s World Economic Forum starts in Davos, Switzerland today. Two years ago, Chinese President Xi made the keynote speech, in which he argued for more trade and investment globally as opposed to the newly-elected US President Donald Trump’s threats to impose tariffs to protect (supposedly) American workers. Then last year, Trump himself turned up to tell the audience of corporate chiefs, finance and hi-tech social media moguls, as well as other government leaders, that ‘America First’ would continue and that the trade war with China would hot up.

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