China’s Xi Jinping says there are no winners in a tariff war as he visits Southeast Asia
By HUIZHONG WU and ANIRUDDHA GHOSAL, AP
China’s leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with U.S. President Donald Trump’s latest moves on tariffs.
Although Trump has paused some tariffs, he has kept in place 145% duties on China, the world’s second-largest economy.
“There are no winners in a trade war, or a tariff war,” Xi wrote in an editorial jointly published in Vietnamese and Chinese official media. “Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment.”
