President Xi stressed that a tariff war produces no winners and warned that opposing global cooperation is counterproductive.
China has responded to US trade measures by raising tariffs on American goods from 84 percent to 125 percent. Amid the escalating trade tensions, Chinese President Xi Jinping made his first public statement, declaring that China is unafraid of challenges, has never relied on external generosity, and will not bow to coercion.
President Xi stressed that a tariff war produces no winners and warned that opposing global cooperation is counterproductive. To address the potential impact of US tariffs, China is seeking to strengthen economic ties with other nations, including India and the European Union, to stabilize its exports.
However, China also indicated that if the US continues with its tariff strategy, Beijing may choose to disregard it.