In view of the increasing protectionism under President Donald Trump says Tobias MeyerCEO of $DHL (-1,53 %)says that the positive effects of global trade must not be forgotten.
Protectionism refers to an economic policy stance in which a country attempts to protect its own companies from foreign competition. Usually through tariffs, import quotas or other trade barriers. The aim is to promote the domestic economy & secure jobs, often at the expense of free global trade.
"It's important to remember that global trade has been very beneficial overall"
"Trade has increased prosperity and continues to be critical for countries to share in technological advances - think medical devices and other areas. And it has also helped the US"
"You see a lot of US companies here working with their partners around the world, and for good reason" he told CNBC at the #wef2025
