Following the trade war between China and the United States, Chinese leader, Xi Jinping, has insisted his country is “not afraid.” President Jinping’s is stating this in his first public comment on the escalating trade war with the United States.
According to state broadcaster CCTV, Xi was reacting while speaking with Spanish Prime Minister Pedro Sanchez in Beijing on yesterday.
The trade war was first initiated by President Donald Trump and the ripple effect has shaken international markets and stoked and has triggered fears of a global recession.
Xi said “There are no winners in a trade war, and going against the world will only lead to self-isolation”.
He added, “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.”
Xi’s remarks come shortly after The White House announced that the combined duties imposed by the Donald Trump administration on Chinese goods now total 145 per cent, effective immediately.
