US President Donald Trump’s anti-globalisation sentiments are “just a phase” and “will go away”, the chairman of DP World has told CNBC.
“What Donald Trump wants is fair trade, fair trade versus free trade now,” Sultan Ahmed bin Sulayem said in an interview with the news channel. “He wants fair trade and nobody can object, and I think these are legitimate reasons behind what you hear. But, nonetheless, all these anti-globalisation sentiments are going to pass – it’s just a phase.”
President Trump has continued to talk up protectionist measures and has taken direct aim at China, sparking fears of a trade war between the two countries. He has also criticised pacts like the North American Free Trade Agreement and vowed to renegotiate the deal.
Whether President Trump plans to change the way the US trades with the world become a reality or is indeed “just a phase”, however, remains to be seen.
