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Bloomberg Quint
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China's Xi Jinping Seeks EU Support Against Trump Tariffs
- Chinese President Xi Jinping urged the European Union to stand together against unilateral US tariffs, emphasizing the importance of global cooperation over isolation.
- Xi highlighted the negative impacts of tariff wars and emphasized the need for China and the EU to uphold economic globalization and resist bullying tactics.
- In response to Trump's tariffs targeting China, Xi called for joint efforts to safeguard international trading and economic norms.
- China retaliated by increasing tariffs on US goods, leading to a trade war between the two major economies.
- The EU expressed a willingness to negotiate with the US, while China focused on bolstering ties with neighboring countries amid trade uncertainties.
- The EU aims to protect its single market from potential influx of Chinese imports and is prepared to take necessary trade defense measures.
- European Commission President von der Leyen assured confidence in China's ability to counter external shocks like Trump's tariffs.
- China's diplomatic efforts extended to Vietnam, Malaysia, and Cambodia to enhance trade relations and address supply chain challenges.
- Amid escalating trade tensions, China and the EU emphasized their commitment to economic globalization, free trade, and multilateralism.
- Xi stressed China's self-reliance and confidence in managing its own affairs amidst evolving global trade dynamics.
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