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Chinese President Xi Jinping said trade wars have "no winner" during his meeting with President Trump on May 14, according to reports.
Chinese President Xi Jinping said trade wars have "no winner" during his meeting with President Trump on May 14, according to reports.
The phrase is a long-standing Chinese talking point, repeated whenever tariffs are on the agenda between Beijing and Washington.
The remark signals China's preference for reducing trade tensions, but it does not by itself indicate any agreement on tariffs or purchases.
For what the meeting actually produced, look at concrete commitments announced afterwards, such as purchase agreements or changes to tariff schedules.
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