‘No-one wins’ in a trade war, China's President Xi warns
Vietnamese Prime Minister Pham Minh Chinh (right) and Chinese President Xi Jinping pose for photos at the Office of the Party Central Committee in Hanoi, Vietnam, April 14, 2025
CHINA’S President Xi Jinping warned there are “no winners” in a trade war today as he kicked off a diplomatic tour of south-east Asia.
President Xi also repeated China’s commitment to global trade, contrasting it with tariffs slapped on many nations by United States President Donald Trump.
Although President Trump has paused some tariffs, he has kept in place 145 per cent taxes on China, the world’s second-largest economy after the US by nominal GDP, or largest adjusted for purchasing power parity.
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