He President of China, Xi Jinpingwarned Wednesday that commercial and tariff wars They put at risk the legitimate rights and interests of all countriesweaken the multilateral trade system and “generate a negative impact on the global economic order.”
During a meeting in Beijing with his counterpart from Azerbaiyan, Ilham Aliyev, XI expressed China’s disposition to strengthen cooperation with that country, Especially in security and application issues, and reiterated its commitment to the defense of the United Nations international system.
“China is willing to work with Azerbaijan to preserve international equity and justice,” Xinhua said. At the meeting, both leaders announced the creation of a Comprehensive strategic association between China and Azerbaijan. The agreement includes the signing of 20 cooperation agreements within the framework of the Strip and the Route initiative, in areas such as Law, Sustainable Development, Digital Economy, Intellectual Property and Aerospace Industry.
Azerbaijan, a border country with Iran, Russia, Georgia and Armenia, was one of the first to support this initiative launched by XI in 2013 with the aim of expanding the geopolitical and economic influence of China through the global development of infrastructure.
Donald Trump lowers the foam with China
President Donald Trump said the high tariffs imposed on Chinese imports “They will be reduced substantially” and was optimistic about the possibility of reaching an agreement.
“We are going to be very friendly, they will also be, and we will see what happens,” Trump told journalists at a press conference in the oval office referring to the Chinese government. The Republican president said that he would substantially reduce the current 145 % tariff that has implanted China. “It won’t be so high, it won’t be so high,” Trump said.
In addition, he urged Beijing to reach an agreement or, otherwise, he said he “agrees.”
Besent asks “Discard” Commercial War
Trump’s claims occurred shortly after the United States Secretary of the TreasuryScott Besent, affirmed in a speech on Tuesday that the current tariff conflict against China was unsustainable. Besent hopes that there will be a “unreal” in the commercial war between the two largest economies in the world.
The Trump government hopes to close commercial agreements next month with most countries that imposed taxes, but the commercial war unleashed by its aggressive tariff policy focuses on a pulse with China.
Trump said last week to be talking to Chinese representatives to reach an agreement with Beijing In the coming weeks, but on the other side of that pulse, its Chinese counterpart Xi Jinping maintains the 125% tariffs to the United States and has taken other measures, such as vetoing the deliveries of Boeing airplanes.
The US Secretary of Commerce, Howard Lutnick, who defended the tariff truce, joined Besent to influence Trump’s decisions, which climbed the tariff war following the hard line of his advisor Peter Navarro.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
