Standing outside his friend’s cupcake shop, he says Donald Trump’s levies are a sign that America feels threatened by China’s rise. America’s power is declining, he says. “To be honest, what you feel in today’s world is that hegemony is very hard to achieve.

Chinese leader Xi Jinping has broken his silence on the deepening trade war with the United States, saying there will be "no winners." He warned President Donald Trump that China is "not afraid"—and shortly after his statement, Beijing announced reciprocal tariffs of 125% on all U.S. imports.

China’s leader started a week of diplomacy in Southeast Asia to signal China’s commitment to global trade after U.S. President Trump upended the global economy.