Xi Jinping: “Trade war and tariff war will produce no winner, and protectionism will lead nowhere.”

China must consolidate its leadership in its advantageous industries, and tighten global industrial chains’ dependence on China to build strong countermeasures and deterrent capabilities against deliberate external supply cutoffs.

We hope the EU will keep its trade and investment markets open, refrain from using restrictive economic and trade tools and provide a good business environment for Chinese companies to invest and develop in Europe.

There are no winners in a trade war, or a tariff war.

The more severe and complex the international situation is, the more China and the EU should strengthen communication, enhance mutual trust, and deepen cooperation.