April 11, 2025 3:27 PM
No Clear Winner: Xi Jinping responds as China raises tariffs on US goods to 125%
Chinese President Xi Jinping has warned that “there is no winner in a tariff war,” emphasizing that unilateral actions risk isolating nations from the global community. His remarks came during a meeting with Spanish Prime Minister Pedro Sanchez in Beijing on Friday. In a move likely to heighten global economic tensions, China has announced a new round of retaliatory tariffs on US imports, effective from Saturday, raising the total duty to 125%. This follows a decision by US President Donald...