Shanghai

Xi warns Trump: Chinese President Xi Jinping vowed this week that he’d open his country’s economy and import more foreign goods, but showed no signs of backing down in his trade battle with President Trump. “China will not close its door to the world,” Xi said at an international trade summit in Shanghai, adding that he planned to accelerate trade talks with the European Union, Japan, and South Korea. Without directly naming Trump, Xi took a series of veiled jabs at the U.S. president, who has imposed tariffs of $250 billion on Chinese goods. “As globalization deepens, the practices of law of the jungle and winner take all are a dead end,” he said. “The Chinese economy is a sea, not a pond. Storms can upset a pond, but never a sea.” Xi and Trump are set to meet later this month at the G-20 summit in Argentina.