CLEAN : Malaysian PM criticises Trump's trade war at Bangkok summit

The video discusses the modernization efforts in China and the challenges faced by smaller countries in global trade. It highlights the importance of market opportunities, trade relations, and strategic responses to international competition. The speaker emphasizes the role of technology in leveling the playing field for smaller nations and the potential consequences of trade wars. The discussion also touches on the need for countries to adapt to new market dynamics and the impact of global competition on traditional economic powers.

What does the speaker imply about the attitude of developed countries towards competition?

What are the potential consequences of limiting trade and applying higher taxes on imports?