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Global tide of protectionism not expected to subside soon

The United States’ safeguard action against tire imports from the Chinese mainland is a clear signal of the protectionist undercurrent amid the global financial crisis. Although a full-scale trade war between any major trading entities is unexpected for the moment, the tide of protectionism is not likely to subside any time soon, according to a new Hong Kong Trade Development Council report, Protectionism in the Midst of Global Recession.

(Source: HKTDC)