China 'not afraid,' Xi says, as Beijing raises tariffs on U.S. goods to 125 per cent

Open this photo in gallery: A drone view shows containers at the terminals at the port in Kwai Chung in Hong Kong, China, April 3, 2025.Tyrone Siu/Reuters Chinese leader Xi Jinping made his first public comments Friday amid an escalating trade war with the United States, warning there can be no winner in such a conflict, even as Beijing ramped up tariffs on U.S. goods to 125 per cent. Speaking to Spanish Prime Minister Pedro Sanchez in the Chinese capital, Mr. Xi said China is "not afraid" of challenges, and "no matter how the external environment changes, China will strengthen…