China presents a united front with Latin America, aiming to counter Trump’s trade war

david.cWorld News4 hours ago8 Views

China is working on strengthening its partnerships with other nations in response to President Donald Trump’s trade war. This move was demonstrated by presenting a united front with Latin American leaders shortly after China and the U.S. reached a 90-day truce on tariffs. China has positioned itself as a reliable trade and development partner, in contrast to the uncertainty caused by Trump’s tariff increases and policies. Despite the tariff truce, Beijing’s discontent with the trade war is evident. Chinese leader Xi Jinping emphasized the detrimental effects of trade wars and called for unity against protectionism. The World Trade Organization urged Japan to address disruptions in global commerce caused by Trump’s tariffs. Japan’s role in maintaining and reforming the WTO was highlighted as crucial. Trump’s focus on higher tariffs to reduce U.S. imports has overshadowed optimism following the China-U.S. deal. China pledged to strengthen ties with Latin America through various exchanges and initiatives, including boosting imports, increasing investments, and expanding cooperation in various sectors. China’s trade with Latin America has been increasing, with investments made through the Belt and Road Initiative. Colombian President Gustavo Petro announced his country’s formal participation in the BRI, showing confidence in Chinese projects in the region. Additionally, China plans to enhance exchanges with Latin American countries through scholarships, political party visits, and visa exemptions for certain nations.

Leave a reply

Loading Next Post...
Search
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...