China's Xi Jinping urges countries to ‘stand united' in face of global trade war
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President Xi Jinping has called for countries to stand together to promote global peace and stability, saying in a veiled reference to the US that there were 'no winners in tariff wars'. In his first public remarks since US-China trade talks at the weekend, Xi told leaders from Latin America and the Caribbean that 'bullying or hegemonism only leads to self-isolation'. Xi was speaking at the opening of the fourth ministerial meeting of the China-Celac forum in Beijing on May 13, 2025. Celac is a grouping of the Caribbean Community of Latin American and Caribbean States. Xi announced five programmes that will involve China working with countries from the two regions over the next three years. They included enhancing coordination on international affairs, deepening trade and cooperation through Beijing's Belt and Road Initiative, as well as cultural and people-to-people exchanges. He added that China would also provide 66 billion yuan (US$9.14 billion) in credit funds to the region.
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