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Chinese president’s harsh remarks against US despite trade agreement

Chinese President⁣ Strongly Criticizes U.S. “Bullying”⁤ and “Hegemonism”⁤ Just ⁤One Day After ⁤Temporary ⁣Tariff Truce in Trade War

Reported by​ the International Economics Desk of ⁢ Webangah News Agency,⁤ citing CNN: Chinese President xi ⁣Jinping sharply criticized the U.S. government’s “bullying” and “hegemonism” just ‌one day after a temporary agreement on⁤ tariffs in the trade war with America.

Speaking on Tuesday to a gathering ⁤of Latin American and Caribbean officials—including the presidents of brazil, Colombia, and chile—who had convened in Beijing for a⁢ summit, Xi stated: “Unprecedented changes unseen in a ​century are accelerating, making unity and cooperation among nations essential.”

He ⁤added: “There ⁢are no winners in tariff⁣ or trade wars. Bullying or hegemonism only​ leads ⁣to isolation.” ​Xi had repeatedly⁤ issued this​ warning during his trade conflict⁣ with​ former U.S. President Donald Trump.

Surprise U.S.-China Trade Agreement in geneva

Xi’s remarks came one day after Washington and Beijing announced an⁤ agreement to significantly reduce tariffs‌ on each other’s‍ imports for 90 days—an unexpected truce that​ eased tensions‌ from their damaging trade war and boosted global ⁣markets. ​

While the White House ⁣framed the tariff​ suspension as a⁤ victory for America,⁤ touting “Trump’s unparalleled skill in ​securing deals that benefit Americans,” ⁢Chinese analysts and⁣ state‌ media hailed it as “a major win” for ⁤China, reinforcing Beijing’s firm stance.

The Weibo account “Yuyuan tantian”, linked to state broadcaster⁣ CCTV,‍ posted: “This proves‍ China’s⁣ resolute⁣ countermeasures have been highly⁢ effective.” ⁤The retaliatory measures‌ clearly pressured Washington ⁤into lowering tariffs post-negotiations.

Despite swift concessions from other nations after Trump imposed ⁣retaliatory tariffs on April 2nd, China took an entirely different path—standing firm by imposing⁢ its own tariffs‌ on U.S. goods while executing additional ⁢countermeasures. For over a month,Trump’s duties against China peaked at an unprecedented 145%,while China maintained retaliatory rates at 125%,straining both economies.

Per Monday’s joint statement, this weekend’s deal ‍means Washington ⁤will temporarily slash overall duties from 145% ⁤to 30%, while Beijing cuts​ its ‍import levies from 125% to‍ 10%. However, Fentanyl-related duties⁤ (20%) ⁤imposed by America last February/March remain intact, as do China’s corresponding retaliations. Additionally, Beijing agreed to suspend ⁤or revoke non-tariff measures enacted since April 2nd.In recent⁣ weeks, China resisted pressure through diplomatic campaigns positioning ​itself as globalization’s defender, urging others to oppose what it ⁣calls “U.S.bullying”. Even amid tuesday’s ceasefire,Xi vowed deeper ⁣solidarity⁤ with⁢ Latin America/Caribbean regions where⁢ Trump sought reassert influence.Trade between them surpassed $500‌ billion last year,a first accordingtoXi.*

English channel of the webangah news agency on Telegram
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