Chinese president Xi congratulates Trump on election victory- Xinhua

Investing.com
Updated
Mitrade
coverImg
Source: Shutterstock

Investing.com-- Chinese President Xi Jinping congratulated Donald Trump on his victory in the 2024 presidential election, Chinese state media outlet Xinhua reported on Thursday.

A Chinese foreign ministry spokesperson had congratulated Trump on his victory on Wednesday, while CNN reported that Trump and Xi had also spoken over the phone.

The Xinhua report also said Xi called for cooperation between China and the U.S. in a new era, and to strengthen communication while properly managing their differences. 

Trump had maintained a largely harsh rhetoric against China during his campaigning, vowing to impose tariffs of up to 60% on all Chinese imports. Such a move is likely to spark a renewed trade war between the world’s biggest economies. 

Trump beat Kamala Harris in the 2024 election, winning several key swing states. The Republican party was also seen on track for a sweep in Congress, with a red sweep presenting an easy path for Trump to enact any major policy changes.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Europe reeling from Trump’s first 100 days, says “we’ve never seen anything like this”European leaders say they’ve never dealt with anything like the first 100 days of Trump’s second term.
Author  Cryptopolitan
Apr 29, Tue
European leaders say they’ve never dealt with anything like the first 100 days of Trump’s second term.
placeholder
Preview of Trump’s First Economic Report Card: U.S. Q1 2025 GDP May Signal Official RecessionWall Street analysts widely predict that GDP growth will slow sharply to near-zero, largely due to the impact of tariffs, potentially signaling an official start of a recession.
Author  TradingKey
Apr 28, Mon
Wall Street analysts widely predict that GDP growth will slow sharply to near-zero, largely due to the impact of tariffs, potentially signaling an official start of a recession.
placeholder
Trump faces 100-day disapproval crisis with lowest rating in 70 yearsPresident Donald Trump is dragging the lowest approval rating any newly elected U.S. president has had in over seventy years, according to CNN, as he approaches 100 days back inside the White House.
Author  Cryptopolitan
Apr 28, Mon
President Donald Trump is dragging the lowest approval rating any newly elected U.S. president has had in over seventy years, according to CNN, as he approaches 100 days back inside the White House.
placeholder
Trump Stuns with Claims of Halting China Tariff Hikes—Genuine Shift or Tactical Ploy?The U.S. President’s sudden declaration that he may no longer raise tariffs on China has sparked speculation: Is the trade war nearing its end? 
Author  TradingKey
Apr 18, Fri
The U.S. President’s sudden declaration that he may no longer raise tariffs on China has sparked speculation: Is the trade war nearing its end? 
placeholder
A Historic Moment in the U.S.: Trump vs. Powell, Can the President Fire the Fed Chair?Discussions about terminating Federal Reserve Chair Jerome Powell’s tenure and the independence of the Federal Reserve have been heating up both before and after Donald Trump took office.
Author  TradingKey
Apr 18, Fri
Discussions about terminating Federal Reserve Chair Jerome Powell’s tenure and the independence of the Federal Reserve have been heating up both before and after Donald Trump took office.