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As China published a white paper on Sunday denouncing US unilateral and protectionist measures, foreign business and trade experts said that protectionism must be avoided as it is shortsighted and will have an adverse effect on the global economy in the long run.

Arlan Hamilton, founder and general partner of Backstage Capital, speaking with the Riveter CEO Amy Nelson at an event at the Riveter on July 26, 2018. (GeekWire Photo / John Cook)

Arzeda uses cloud computing, protein design and fermentation to build new proteins and materials for use in manufacturing, agriculture and pharmaceuticals. (Arzeda Photo)

Argentina, which holds the presidency of the G20 in 2018, wants to use the summit to send a clear message that the multilateral trading system, with the World Trade Organization at the core, must be upheld, he said.

Apple and Amazon are scheduled to report earnings Thursday after the market close.