In response to Trumpâs trade war, China is strengthening alliances with Latin America and positioning itself as a reliable trade partner. As the U.S. and China agreed on a 90-day truce regarding tariffs, Chinese leader Xi Jinping emphasized the negative consequences of trade wars, stating there are no winners and encouraging collective actions against unilateralism. This strategy aligns with China's ongoing efforts to diversify trade partners following tariff hikes from the U.S., which have diverted agricultural purchases from American suppliers to Latin American countries. Additionally, the WTO's head highlighted the challenges facing global trade frameworks amidst these turbulent policies.
China's leaders view the world's second-largest economy as a dependable trade partner contrary to the unpredictability stemming from Trump's tariffs and policies.
Chinese leader Xi Jinping emphasized there's no victor in trade wars, urging unity among Latin countries against the rising tide of unilateralism.
After agreeing on a 90-day truce with Washington, Xi expressed readiness to collaborate with Latin American nations amid political tensions and protectionist threats.
According to the WTO director, current trade conditions are tough, urging Japan and others to coordinate against the disruptions caused by fluctuating tariffs.
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