China’s Presi. Xi: Tariff and trade wars produce no winners

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.