Beijing: Chinese President Xi Jinping on Friday called for stronger cooperation between his country and the European Union as a trade war escalates. Xi was meeting Spanish Prime Minister Pedro Sanchez who is visiting Beijing.
According to Ethiopian News Agency, Xi’s remarks come as a trade war with Washington intensifies, with President Donald Trump authorizing a 125 percent levy on Chinese exports to the United States. “During our several meetings, we have both agreed that building China-Spain relations with strategic resolve and win-win cooperation is in the common and long-term interests of the two sides. At present, changes unseen in a century are unfolding across the world at a faster pace. Only through solidarity and coordination can countries promote global development and prosperity,” said Xi.
Spain is one of China’s closest partners in the European Union, with several Chinese companies, including electric car makers, announcing investments in the country. China and Spain were both targeted in Trum
p’s sweeping tariffs, although duties on Madrid have since been suspended. “There is no winner in a tariff war, and going against the world will only result in self-isolation,” Xi stated.
After meeting Xi, Sánchez expressed Spain’s support for ‘more balanced relations between the European Union and China, of finding negotiated solutions to our differences, which we have, and of greater cooperation in areas of common interest.’ He added, ‘Trade wars are not good, nobody wins. And this is clear, the world needs both China and the United States to talk.’
Spain’s government spokesperson Pilar Alegría highlighted earlier in the week that Sánchez’s trip ‘has special importance’ and is an opportunity to ‘diversify markets’ as Spain faces U.S. tariffs.