1 week ago
Last Updated:April 11, 2025, 13:13 IST
Xi’s remarks came just hours after the White House announced that the total US tariff rate on Chinese imports would effectively be 145 per cent
US President Donald Trump with Chinese leader Xi Jinping | File Image/Reuters
Chinese leader Xi Jinping on Friday said that his country is “not afraid" of the escalating trade war with the United States that has plunged the global market into chaos and triggered the worst two-day loss in the US stock market history.
Xi’s remarks came just hours after the White House announced that the total US tariff rate on Chinese imports would effectively be 145 per cent, fueling tensions in the ongoing trade war between the world’s two largest economies.
“There are no winners in a trade war, and going against the world will only lead to self-isolation," Xi told Spanish Prime Minister Pedro Sanchez in Beijing on Friday, reported CNN.
“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," the Chinese leader said.
Xi added that regardless of changes in the external environment, “China would remain confident, stay focused, and concentrate on managing its own affairs effectively."
Earlier, Trump announced a 125% tariff on Chinese goods on Wednesday, which the White House later clarified would be added to an existing 20% levy, which was implemented citing China’s alleged role in the fentanyl supply chain.
In retaliation, China imposed 84 per cent tariffs on US imports, which took effect Thursday.
Location :China
First Published:April 11, 2025, 13:13 IST
News world 'Not Afraid Of Trade War': Xi Fires Back After Trump's Triple-Digit Tariff Move Against China
