Chinese leader Xi Jinping has broken his silence on the deepening trade war with the United States, saying there will be “no winners.”
He warned President Donald Trump that China is “not afraid”—and shortly after his statement, Beijing announced reciprocal tariffs of 125% on all U.S. imports.
“There are no winners in a trade war, and going against the world will only lead to self-isolation,” Xi said on Friday, according CCTV, China’s state broadcaster.
“For over 70 years, China’s development has relied on self-reliance and hard work—never on handouts from others, and it is not afraid of any unjust suppression,”
This is a breaking news story—more to follow.
