Biden Says China Will Pay Economic Penalty for Supporting Russia on Ukraine

China is ‘not going to benefit economically’ as a consequence for supporting Russia’s aggression, President Biden said.

President Joe Biden speaks during a press conference at the close of the 75th NATO Summit at the Walter E. Washington Convention Center in Washington, on July 11, 2024. Saul Leob/AFP via Getty Images

U.S. President Joe Biden warned the Chinese communist regime on July 11 that supporting Russia in its war with Ukraine wouldn’t result in economic benefits and might lead to penalties such as raised tariffs and a loss of foreign investment.

“We have to make sure that Xi understands there’s a price to pay,” President Biden said at a press conference at the NATO summit in Washington, referring to Chinese Communist Party (CCP) leader Xi Jinping.