Asger Risom
Chinese leader uses Latin America summit to deliver pointed message
The ongoing trade tensions between the world’s two largest economies saw an unexpected pause this week, as the United States and China announced a temporary easing of tariffs.
Chinese President Xi Jinping, however, quickly used the occasion to send a strong message about global cooperation and against protectionism.
U.S. and China Agree to Ease Tariffs
Speaking at the China–CELAC Forum in Beijing on Tuesday, Xi addressed leaders from Brazil, Colombia, Chile, and other Latin American nations.
He warned that “there are no winners in trade wars,” and that “bullying and hegemonism only lead to self-isolation.”
The remarks were interpreted as a subtle jab at the United States, following the announcement of a 90-day reduction of tariffs, as reported by Digi24.
Under the agreement, the U.S. will lower tariffs on Chinese goods from 145% to 30%, while China will reduce duties on American imports from 125% to 10%. Certain sanctions related to the export of fentanyl components will remain in place.
China Celebrates a “Major Victory”
Chinese media outlets and commentators hailed the deal as a triumph for Beijing’s firm negotiating stance. “China’s resolute measures have proven highly effective,” wrote state-affiliated accounts.
Hu Xijin, former editor of Global Times, said the agreement marked a win for fair global trade rules, while academic Wang Yiwei of Renmin University noted that the compromise “gives both sides breathing room to gradually resolve deeper structural issues.”
Strengthening Ties With Latin America
Despite the agreement, Xi vowed to continue strengthening solidarity with Latin America and the Caribbean. The China–CELAC Forum, founded in 2014, serves as a platform to enhance Beijing’s influence in the region.
“China and Latin American countries are important members of the Global South,” Xi told delegates.
He pledged 66 billion yuan ($9.2 billion) in credit lines to CELAC countries, aimed at promoting development and expanding use of the yuan in trade.
China remains Latin America’s largest trade partner for key commodities such as Brazilian soybeans. Xi’s message was clear: China is positioning itself as a dependable ally for emerging economies seeking alternatives to U.S. dominance.