here are three things that happened at ape in pero this week Chinese president XI Jin ping warned the protectionism and fragmentation risk sending the world backwards in a speech delivered via his Commerce Minister it was a veiled Swipe by president-elect Donald Trump’s threat to introduce tariffs as high as 60% on the Asian nation and speaking of trump JP Morgan Had Jamie Diamond offered his own tips for those Fring about potential us tariffs read his book create options Diamond said presumably referring to a strategy in Trump’s book The Art of the deal meanwhile president Lula didn’t appear at the summit although not a member of ape Brazil was invited as one of the main beneficiaries of Chang Kai a Chinese built Port North of Lima that was inaugurated this week lul is looking to China to forcer Brazil’s economic development he will meet with shinin ping next week in Rio de Janeiro during the G20 Summit you can read and watch all our coverage from ape on bloomberg.com where you can also find the very latest on the G20