Davos 2026: China's vice premier arrives late with a 'confrontation harms both' warning for Trump

China has reiterated its firm support for global free trade at the World Economic Forum in Davos, warning that tariff hikes and trade wars have delivered major shocks to the world economy. Vice Premier He Lifeng stressed Beijing’s commitment to multilateralism, inclusive economic globalization, and dialogue with the United States, arguing that cooperation brings mutual gains while confrontation leads to losses for both sides.