Moneycontrol PRO
LAMF
LAMF

China vows to uphold stability as Trump reshapes world order

China “brought much needed stability to a changing and turbulent world,” Foreign Minister Wang Yi said at an annual press briefing in Beijing on Friday
March 07, 2025 / 08:24 IST
The senior Communist Party official’s comments follow growing US-China tensions after President Trump doubled tariffs on China to 20% this week

China’s top diplomat presented the country as a force for stability, as Donald Trump shakes up the world economy with tariffs and rattles allies with overtures to Russia.

China “brought much needed stability to a changing and turbulent world,” Foreign Minister Wang Yi said at an annual press briefing in Beijing on Friday, vowing to defend global fairness and world peace.

The senior Communist Party official’s comments follow growing US-China tensions after President Trump doubled tariffs on China to 20% this week. The move affects roughly $1.5 trillion in annual imports and adds to a broader global trade war that has also hit Canada and Mexico.

Trump is reshaping the world order through talks with Russia, creating friction with Europe and NATO. Western allies worry the Republican is turning away from Ukraine while making expansionist claims about owning Greenland, taking back Panama and adding Canada as the 51st state.

Wang pledged to uphold relations with Russia, which he said wouldn’t be swayed by any external events.

“China-Russia friendship will not change,” he said. “It is a constant in a turbulent world, rather than a variable in geopolitical gains.”

China has so far taken a cautious approach to Trump as the economy remains strained by weak demand and a housing downturn. It responded to American tariffs with targeted actions and left room for talks, although frustration appears to be building.

In response to a question about Trump’s “America First” policy, Wang said a “big country” shouldn’t put self-interest before principles or bully the weak.

Bloomberg
first published: Mar 7, 2025 08:23 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347