Chinese president Xi congratulates Trump on election victory- Xinhua

Investing.comNov 7, 2024 4:02 AM

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Investing.com-- Chinese President Xi Jinping congratulated Donald Trump on his victory in the 2024 presidential election, Chinese state media outlet Xinhua reported on Thursday.

A Chinese foreign ministry spokesperson had congratulated Trump on his victory on Wednesday, while CNN reported that Trump and Xi had also spoken over the phone.

The Xinhua report also said Xi called for cooperation between China and the U.S. in a new era, and to strengthen communication while properly managing their differences.

Trump had maintained a largely harsh rhetoric against China during his campaigning, vowing to impose tariffs of up to 60% on all Chinese imports. Such a move is likely to spark a renewed trade war between the world’s biggest economies.

Trump beat Kamala Harris in the 2024 election, winning several key swing states. The Republican party was also seen on track for a sweep in Congress, with a red sweep presenting an easy path for Trump to enact any major policy changes.

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