XI: bullying only leads to self -insulation after a trade breakthrough with the USA

XI: bullying only leads to self -insulation after a trade breakthrough with the USA

The Chinese leader Xi Jinping has in his first public statements since the agreement on a Waffe arrest Regarding tariffs in the trade war between the United States and China Sharf criticism of "Bullying" and "Hegemonism".

change and necessity of international cooperation

In his speech to Latin American and Caribbean representatives who had gathered for a summit in Beijing, XI emphasized that "big changes that have not been seen for a century have accelerated", which makes unity and cooperation between the nations essential.

No winners in trade wars

"There are no winners in customs wars or trade wars. Bullying or hegemonism only leads to self-insulation," he said, repeating a warning that he had spoken out during the trade conflict with the US President Donald Trump.

unexpected breakthrough in the trade war

XI’s speech followed one day after the announcement that the US and China would take the tariffs back to the goods of the other significantly for an initially 90-day period. This surprising breakthrough has a de-escalating effect on the strict Trade war

temporary breathing space in a stressful tariff war

This unexpected progress offers temporary relief in a stressful customs war that shakes the financial markets, endangered the trade between the two largest economies in the world and fueled fears of global recession.

This story continues to develop and is updated.