The Chinese leader XI Jinping for the first time publicly commented on the agreement of the temporary agreement in the US trade war on Tuesday, May 13 during the summit of the China-Celac Forum (Community of Latin America and the Caribbean States) in Beijing.
Xi Jinping sharply about the customs war from the USA. “Intimidation leads to self -insulation”
According to CNN, XI emphasized that the world has been experiencing “great changes that have not been seen since century.” He stated that this situation requires strengthening unity and cooperation between states.
– There are no winners in customs and commercial wars. Intimidation or hegemonism lead only to self -insulation, “he said, repeating the warning he gave during a clash in the trade war with US President Donald Trump.
The Chinese leader also referred to the top, promising to strengthen “Solidarity” with Latin America and the Caribbean, i.e. countries that, as CNN reminds, Donald Trump tried to attract to Washington.
– China and Latin American and Caribbean countries are important members of the Global South. Independence and autonomy are our glorious tradition. Development and revitalization are our inalienable law. And justice and honesty are our common goal – he said. – In the face of boiling under the surface of geopolitical tensions and confrontation of blocks, as well as the growing wave of unilateralism and protectionism, China is ready to join forces with our partners from Latin America and the Caribbean – he added.
Return on customs duties. US and China agreement
These statements XI Jinping gave the day after China and the US announced the introduction of a temporary agreement in the customs war. Both countries have declared a 90-day suspension of imposing new duties to their goods, which allows further talks on disputed issues.
According to the information provided by the “Financial Times”, the US will reduce the duties to Chinese goods from 145 percent. up to 30 percent China will reduce the duties on imports from the United States from 125 percent. up to 10 percent
“We want a more balanced trade and I think that both sides are determined to achieve this,” the Secretary of the Treasury Scott Bessent said during the Monday press briefing in Geneva.
