Protectionism 'dealing severe blow' to trade: China
China's President Xi Jinping on Wednesday warned that growing protectionism was damaging trade and that the world had to choose "between cooperation and confrontation" as the threat of a US-led trade war looms.
"Unilateralism and protectionism are mounting, dealing a severe blow to multilateralism and the multilateral trading regime," Xi told the opening of the BRICS summit in Johannesburg. "We are facing a choice between cooperation and confrontation."
Chinese foreign ministry spokesman Geng Shuang also said that there was "no winner in a trade war" and warned the United States not to go down the wrong path any further.
The spokesman made the statement at a regular news briefing when commenting on the Trump administration's announcement of providing up to 12 billion US dollars in aid to US farmers impacted by ongoing trade disputes and the reaction of US lawmakers and farmers, who are critical of the plan, saying that farmers wanted more trade rather than subsidies.
"There is no winner in a trade war. We have said it many times before. The trade disputes provoked stubbornly by the United States will achieve nothing but detriment for everyone," Geng said.
He urged the United States to "heed the voice of reason at home and the universal appeal by the international community, see the situation clearly, weigh the advantages and disadvantages and not to go down the wrong path any further."
(Source: AFP)
China slams Biden over 'xenophobic' and 'cheating' claims
Germany's Scholz seeks collaboration with China in 'just peace' in Ukraine
China, North Korea say open ‘new chapter’ in relations
VIDEO | Press TV's news headlines
Barbados officially announces recognition of Palestine as state
US Senate reauthorizes surveillance bill despite privacy concerns
April 19: ‘Axis of Resistance’ operations against Israeli occupation
Pro-Palestine rallies spread after students arrested at Columbia University
US to pull out troops from Niger after France: Report
US sanctions on Venezuelan oil ‘violation of human rights’: Iran
VIDEO | Hundreds of students take to streets in Milan in support of Palestine
This makes it easy to access the Press TV website
