‘Bullying only leads to self-isolation,’ China’s Xi says after major trade breakthrough with US
Chinese leader Xi Jinping criticized 'bullying' and 'hegemonism' in his first public remarks following a temporary truce in the trade war between the United States and China. Xi emphasized the accelerating global changes and the necessity of unity and cooperation among nations, warning that there are no winners in tariff or trade wars. His comments came after the US and China announced a drastic rollback of tariffs on each other's goods for a 90-day period, marking a significant breakthrough that eased tensions and boosted global markets. Xi reiterated his stance against the trade war initiated by US President Donald Trump, highlighting the risks of self-isolation through such economic conflicts. The developments in the US-China trade relations are part of a broader story that continues to evolve.
Context:
Chinese leader Xi Jinping criticized 'bullying' and 'hegemonism' in his first public remarks following a temporary truce in the trade war between the United States and China. Xi emphasized the accelerating global changes and the necessity of unity and cooperation among nations, warning that there are no winners in tariff or trade wars. His comments came after the US and China announced a drastic rollback of tariffs on each other's goods for a 90-day period, marking a significant breakthrough that eased tensions and boosted global markets. Xi reiterated his stance against the trade war initiated by US President Donald Trump, highlighting the risks of self-isolation through such economic conflicts. The developments in the US-China trade relations are part of a broader story that continues to evolve.
Dive Deeper:
Xi Jinping spoke against 'bullying' and 'hegemonism' in response to the temporary easing of the US-China trade war tariffs, marking his first public statement on the issue since the truce was reached.
He addressed Latin American and Caribbean officials in Beijing, highlighting the rapid global changes over the past century and stressing the importance of international unity and cooperation.
Xi warned that tariff wars and trade conflicts result in self-isolation, echoing his previous criticisms of the trade war initiated by President Donald Trump.
The United States and China agreed to rollback tariffs on each other's goods for an initial 90-day period, which significantly de-escalated the trade tensions and positively impacted global markets.
Xi's speech underscores his consistent message throughout the trade conflict, advocating for collaboration over confrontation and cautioning against the isolationist consequences of economic aggression.
The rollback of tariffs represents a surprise breakthrough in the ongoing trade negotiations, providing a temporary relief to the global economic environment.
The situation remains dynamic as further developments in the trade relationship between the US and China continue to unfold, impacting international economic strategies.