The president of China, Xi Jinping has stated that his nation is “not afraid.” According to state broadcaster CCTV, Xi made the comments during a Friday meeting with Spanish Prime Minister Pedro Sanchez in Beijing, marking Jinping’s first public statement on the growing trade war with the United States.
Fears of a worldwide recession have been heightened by President Donald Trump’s trade war, which has rocked foreign markets.
There are no winners in a trade war, and going against the world will only lead to self-isolation,” Xi said.
“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.”
“Regardless of how the external environment changes, China will remain confident, stay focused, and concentrate on managing its own affairs well,” he added.
Xi’s words come just after The White House stated that the combined penalties levied by the Donald Trump administration on Chinese imports now equal 145 per cent, effective immediately.
Meanwhile, a Canadian business man, investor, and television personality, on CNN stated that President Donald Trump’s recent 104% tariff on Chinese goods entering the United States is insufficient.
O’Leary, who described the Asian giants as cheats who take from others and don’t follow the laws, is calling for 400% taxes on them.
He said, “104% tariffs against China are not enough. I’m advocating 400% I do business in China. They don’t play by the rules.
“They’ve been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades.
“They cheat, they steal. They steal IP I can’t litigate in their courts. They take product technology, they steal it. They manufacture it, sell it back here.”
Following this, the Chinese Ministry of Foreign Affairs has disclosed that China would respond to US President Donald Trump’s recent 104% tariffs on Chinese goods with firm and decisive action.
Spokesman for the Ministry Lin Jian emphasized that the Chinese government will keep defending the legitimate rights and interests of the Chinese people.
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