FX.co ★ China Mulls Expediting Stimulus

Chinese policymakers have convened for a series of high-level meetings over the past three days to strategize on bolstering the economy and stabilizing financial markets in light of rising trade tensions with the United States, according to a report by Bloomberg News. The discussions centered on expediting stimulus initiatives—particularly those designed to enhance consumption—that were already in the pipeline prior to President Trump's announcement of a fresh series of tariffs. These new U.S. tariffs are set to increase the cumulative tariff rate on Chinese imports to 54% beginning this Wednesday. In retaliation, Beijing has implemented 34% tariffs on American goods and has introduced new export restrictions on crucial products and minerals. With China anticipated to bear significant consequences, officials are preparing to deploy additional fiscal measures to mitigate the economic impact. Beijing has committed to intensifying its countermeasures if necessary and has vowed to persist in the trade conflict “till the bitter end.”