In a speech on Friday, Chinese President Xi Jinping addressed the growing tensions surrounding global trade, particularly with Europe, and the impact of tariffs. Xi emphasized that there are no true winners in a tariff war, underlining the economic damage that such trade conflicts inflict on all parties involved. He pointed out that while some may engage in unilateral suppression or try to force economic advantage through unreasonable tariffs, China remains resolute and unafraid of such pressure. Xi’s comments reflect the broader stance of the Chinese government, which has consistently rejected what it perceives as unjust or protectionist trade policies.

Furthermore, Xi called on the European Union to collaborate more closely with China, signaling Beijing’s desire for a constructive and mutually beneficial relationship. He suggested that, rather than engaging in trade wars, the EU and China should focus on fostering dialogue and cooperation in order to stabilize global markets and address common challenges. This remark comes at a time when both China and the EU face complex geopolitical and economic dynamics, with trade issues being central to their interactions. Xi’s message underscores China’s commitment to defending its economic interests while advocating for multilateralism over unilateral punitive measures in global trade disputes.