China’s President Xi Jinping on Tuesday US President Donald Trump’s tariff imposition and said that the protectionist approach was “bound to harm others and oneself”.“Tariff wars and trade wars have no winners. Unilateralism, protectionism and hegemonism are bound to harm others and oneself,” AFP quoted Xi saying, citing state media Xinhua.He was speaking at the China-Central Asia Summit in Kazakhstan.Meanwhile, Trump has repeatedly said that he was open to making deals and even suggested extending the July 8 deadline.“We’re rocking in terms of deals. We’re dealing with quite a few countries and they all want to make a deal with us,” Trump said earlier this month. “We’re dealing with Japan. We’re dealing with South Korea. We’re dealing with a lot of them. We’re dealing with about 15 countries,” he added.So far, only a single trade agreement—with the United Kingdom—has been finalized, while roughly 17 others remain under negotiation. With a 90-day freeze on Trump’s broad “reciprocal” tariffs ending on July 8, pressure is mounting on nations to seal deals before the deadline.
Trending
- Tyre exports hit record high of 25k cr in FY25 | India News
- Zero tariffs for US: Donald Trump announces trade deal with Vietnam; latter subjected to 20% duty
- Tesla EV sales plunge! 13% drop in three months; anti-Elon Musk sentiment harms
- Where are silver prices headed? Rich Dad Poor Dad author sees ‘explosion’ in July; here’s the outlook
- Prada Kolhapuri ‘scandal’: How the controversy sparked a big surge sales of this Indian sandal; centuries-old craft sees boost
- RBI floating rates savings bonds: Interest rate at 8.5% for July-December 2025; here’s what you should know
- What is Donald Trump’s net worth? Billionaire US President has a big portfolio of cryptocurrencies, stocks & more – top details
- Whopping $82.3 billion cost? Donald Trump’s tariffs may hit US employers in a big way, says JPMorganChase Institute analysis
- Kuwait’s e-permit exit rule: Expat workers need employer’s nod to fly out; how to obtain it?
- IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine