Xi warns Trump that tariffs represent a “historic setback”

MADRID 15 Nov. (EUROPA PRESS) –

The Chinese president, Xi Jinping, has warned the president-elect of the United States, Donald Trump, that his threat to impose imports to the Asian giant after his return to the White House represents a historic setback as already occurred during his first term.

“Blocking economic cooperation under various excuses and dividing an interdependent world represents a historic setback,” according to a speech written by Xi that was delivered Friday by Chinese Commerce Minister Wang Wentao at the APEC summit in Lima, Peru. .

“The world has entered a new period of turbulence and change,” added the president, who warned that “economic globalization faces serious challenges” due to the “expansion of unilateralism and protectionism,” as well as the “intensification of the fragmentation of the world economy.”

Xi has taken the opportunity to express his “full confidence” in meeting China’s 2024 growth target (of around 5 percent) after October data showed the economy began to recover after he implemented relief measures. stimulus.

Regarding the emerging nations of the so-called Global South, Xi has asked that these countries have a greater voice in world affairs, and that all of them enjoy equitable rights and opportunities in their development, reports the Bloomberg agency.

“We need to correctly guide the development of economic globalization and abandon the old path where a few countries exercise hegemony,” the presidential speech states. “We need to promote economic globalization so that it unleashes more positive effects and enters a new stage that is more dynamic, more inclusive and more sustainable,” he concluded.