Speaking in Beijing alongsideSpanish Prime Minister Pedro Sánchez, Xi said, “Going against the world willonly lead to self-isolation,” according to state broadcaster CCTV.
The remarks followed a sharpescalation in trade tensions after China’s Ministry of Finance announced itwould raise tariffs on US imports to 125%, mirroring a move by President DonaldTrump, who earlier hiked duties on Chinese goods to the same level.
China’s Commerce Ministrysignaled that Beijing does not intend to escalate the situation further,stating it would refrain from retaliating against any additional US steps.
Meanwhile, the White Houseindicated that tariffs on some Chinese products could rise to as high as 145%,citing an existing 20% duty on goods linked to fentanyl production. China hasalso tightened restrictions on Hollywood film imports and imposed new limits onselected American firms operating within its market.
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