torsdag 12. desember 2024

‘No winners’: China’s Xi warns US against a trade war

Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. Xi made the remarks on Tuesday during a meeting with the heads of several global financial institutions, including the World Bank and International Monetary Fund, a day after Chinese regulators announced an antitrust investigation into American chip maker Nvidia.

The probe is widely seen as a major escalation in a growing battle for AI dominance, which both Washington and Beijing believe is crucial to safeguarding national security, even before Donald Trump returns to the White House.