 "Ahead of Trump-Xi talks, China’s Wang Yi says ‘a multipolar world is coming’")
As trade tensions between the US and China ease ahead of a key meeting between President Donald Trump and Chinese President Xi Jinping later this week, Chinese Foreign Minister Wang Yi said on Monday that “a multipolar world is coming.”
His remarks, seen as a veiled swipe at Washington, came during a forum in Beijing where he criticised the use of trade and economic issues as political tools. “Frequently withdrawing from agreements and reneging on commitments, while enthusiastically forming blocs and cliques, has subjected multilateralism to unprecedented challenges,” Wang said, without naming specific countries.
“The tide of history cannot be reversed and a multipolar world is coming,” he added, urging an end to “politicizing economic and trade issues, artificially fragmenting global markets, and resorting to trade wars and tariff battles.”
Global markets are watching closely to see whether Thursday’s meeting between Trump and Xi in South Korea — their first since Trump began his second term — will lead to a breakthrough in the trade dispute that began after the US reimposed sweeping tariffs earlier this year.
US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng have already concluded two days of trade talks, with both sides signalling progress.
China’s Vice Commerce Minister Li Chenggang said a “preliminary consensus” had been reached, while Bessent told ABC that additional tariffs had been averted and that deals on rare earths and American soybean exports were part of the agreement.
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