Chinese President: There will be no winners in world trade



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"We are faced with a choice between cooperation and confrontation (…)," said Xi Jingping.

"The international community has re-emerged at a new crossroads," adds the president

. Russia, India, China and South Africa) in Johannesburg. BRICS leaders hold annual three-day meeting on the threat posed by the US-led world trade war

The US president said last week that he was ready to introduce a right to customs of 505 billion dollars. Value of the US dollar for Chinese imports

The United States introduced 25% at the beginning of this month. tariffs about 34 billion dollar value for Chinese imports and received a response from Beijing. China accuses the United States of launching "the biggest trade war of economic history".

The commercial battle between the United States and China is the most important of the short-term start-up conflicts. A trade war can hurt the global economy.

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