Beijing. Chinese President Xi Jinping warned that no one will win in the tariff and technology battle between the US and China and that Beijing will firmly defend its interests. His statement has come before Donald Trump once again takes over the reins of the presidency of America in January 2025. “The fight over tariffs, trade and technology is at the heart of economic laws,” Xi said at a meeting in Beijing with the heads of 10 major international organisations, including the World Bank (WB), the International Monetary Fund (IMF) and the World Trade Organization (WTO). They are opposites and no one will emerge victorious.”
The Chinese President stressed China’s principles for relations with the US during the meeting. “China will always pay attention to its own affairs and resolutely safeguard its sovereignty, security and development interests,” he said, according to a news release by official media here. China will stick to its commitment to promote a free economy. Xi made this comment at a time when US President-elect Donald Trump had said in an interview to ‘National Broadcasting Company’ (NBC) that he and the Chinese “We have very good relations” with President Xi Jinping.
There was a conversation between the two “just this week.” However, China did not confirm the conversation between Xi and Trump. During his election campaign for the US presidency, Trump had threatened to impose 60 per cent tariffs on Chinese exports to the US and also warned of 10 per cent higher tariffs if Beijing failed to curb fentanyl. Will enclose. Xi said that the economies of all countries face problems. All countries should work together to build an open world economy, promote innovation, take advantage of important opportunities such as the digital economy, artificial intelligence and low-carbon technologies, and find new sources of economic growth.
