Xi calls for EU, China to resist Trump trade war ‘bullying’
China’s President Xi Jinping urged the European Union on Friday to join hands with Beijing in resisting “unilateral bullying”, after US President Donald Trump’s tariff onslaught sparked mayhem on world markets.
After equities crumpled and bond markets starting flashing red, Trump this week blinked first in his push to remodel the post-war system of global commerce and froze many tariffs for 90 days.
But he raised them for China to a staggering total of 145 per cent, escalating a...