China’s President Xi Jinping on Tuesday US President Donald Trump’s tariff imposition and said that the protectionist approach was “bound to harm others and oneself”.“Tariff wars and trade wars have no winners. Unilateralism, protectionism and hegemonism are bound to harm others and oneself,” AFP quoted Xi saying, citing state media Xinhua.He was speaking at the China-Central Asia Summit in Kazakhstan.Meanwhile, Trump has repeatedly said that he was open to making deals and even suggested extending the July 8 deadline.“We’re rocking in terms of deals. We’re dealing with quite a few countries and they all want to make a deal with us,” Trump said earlier this month. “We’re dealing with Japan. We’re dealing with South Korea. We’re dealing with a lot of them. We’re dealing with about 15 countries,” he added.So far, only a single trade agreement—with the United Kingdom—has been finalized, while roughly 17 others remain under negotiation. With a 90-day freeze on Trump’s broad “reciprocal” tariffs ending on July 8, pressure is mounting on nations to seal deals before the deadline.
