Xi Jinping Courts Global CEOs as U.S.-China Trade Tensions Intensify
The Chinese leader emphasizes investment opportunities and multilateralism while President Trump prepares additional tariffs set to be announced on April 2.
- Xi Jinping hosted over 40 international business executives in Beijing, urging them to invest in China and highlighting the country's stability and openness.
- The Chinese president criticized protectionism and emphasized the importance of multilateralism and global supply chain stability in addressing global economic challenges.
- China has seen a significant decline in foreign direct investment and economic growth, prompting efforts to reassure global investors and attract foreign capital.
- President Trump has raised tariffs on Chinese imports by 20% since January and plans to announce additional reciprocal tariffs on April 2, escalating trade tensions.
- U.S. Senator Steve Daines recently met with Chinese Premier Li Qiang to discuss trade issues, signaling a potential opening for a Trump-Xi summit.