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Speaking at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday, Chinese President Xi Jinping said that “tariff and trade wars produce no winners.” Further comments Acts of bullying and domination will ultimately lead to isolation. China backs Latin America and the Caribbean in strengthening their role in global multilateral institutions. Beijing remains committed to mutual support with Latin American countries on key issues tied to their core interests and major priorities. China aims to expand collaboration with the region across sectors including infrastructure, agriculture, food security, energy, and mineral resources. China to offer 66 billion yuan credit line to support Latin America and Caribbean countries. Source: https://www.fxstreet.com/news/chinas-presi-xi-tariff-and-trade-wars-produce-no-winners-202505130307

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Filed under: News - @ May 13, 2025 3:25 am