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Beijing increased its tariffs on US imports to 125% Friday, hitting back against US President Trump’s decision to hike duties on Chinese goods.
In his first public reaction on the tariff war, Chinese president Xi Jinping, during a meeting with Spanish PM Pedro Sanchez in Beijing, said, “There are no winners in a tariff war and going against the world will only result in self-isolation.”
China and the EU should “jointly oppose unilateral acts of bullying”, he said, adding that China is “not afraid of any unjust suppression”.