China’s Xi urges cooperation with EU as trade war escalates

Chinese President Xi Jinping on Friday known as for stronger cooperation between his country and the European Union to withstand ”bullying”.

Xi was assembly Spanish High Minister Pedro Sanchez who is visiting Beijing.

His remarks near as a trade war with Washington escalates, with president Donald Trump authorizing a 125% levy on Chinese exports to the United States.

“During our several meetings, we have both agreed that building China-Spain relations with strategic resolve and win-win cooperation is in the common and long-term interests of the two sides. At present, changes unseen in a century are unfolding across the world at a faster pace. Only through solidarity and coordination can countries promote global development and prosperity,” acknowledged Xi.

Spain is one in every of China’s closest partners within the European Union, with several Chinese companies including electric car makers asserting investments within the country.

China and Spain were every focused in Trump’s sweeping tariffs although duties on Madrid comprise since been suspended.

There’s not any such thing as a winner in a tariff war, and going towards the world will handiest lead to self-isolation, Xi acknowledged.

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