Chinese bigwig Xi Jinping finally broke his silence about the trade fight with America, saying China isn't scared of anyone. Beijing just cranked up tariffs on US stuff to 125% after Trump jacked up taxes on Chinese goods to 145%. The Chinese say they won't go higher because it would be pointless. They called America's tariff game a joke that only hurts everyone involved. Global markets have tanked as the planet's two biggest economies keep throwing punches at each other.
Xi told Spain's leader that China built itself through hard work, not handouts, for over 70 years. He stayed quiet about the trade battle until recently but came out swinging with tough talk. He promised China would stay focused on handling its business no matter what happens outside. Before hiking tariffs, China already blocked Hollywood movies, restricted American companies, plus slapped 84% taxes on US imports. Even though China claims it won't raise tariffs more, they have plenty of other ways to hit back.
Chinese officials might stop working together on fentanyl issues, ban American chicken, block US legal firms, or investigate how much cash US companies make from their ideas in China. Trump wants Xi to call first, but Beijing refuses to arrange any chats between the leaders. Instead, Xi plans to visit Vietnam, Malaysia, plus Cambodia next week to make friends with other countries affected by Trump's trade policies.
Xi told Spain's leader that China built itself through hard work, not handouts, for over 70 years. He stayed quiet about the trade battle until recently but came out swinging with tough talk. He promised China would stay focused on handling its business no matter what happens outside. Before hiking tariffs, China already blocked Hollywood movies, restricted American companies, plus slapped 84% taxes on US imports. Even though China claims it won't raise tariffs more, they have plenty of other ways to hit back.
Chinese officials might stop working together on fentanyl issues, ban American chicken, block US legal firms, or investigate how much cash US companies make from their ideas in China. Trump wants Xi to call first, but Beijing refuses to arrange any chats between the leaders. Instead, Xi plans to visit Vietnam, Malaysia, plus Cambodia next week to make friends with other countries affected by Trump's trade policies.
