FX.co ★ China Armed with Tools to Fight Trump’s Tariffs

Premier Li Qiang has conveyed strong confidence in the resilience of China's economy, highlighting that Beijing possesses ample policy instruments to "fully offset" any external challenges, including the recent tariff threats issued by U.S. President Donald Trump. During a conversation with the European Commission President Ursula von der Leyen on Tuesday, Li assured that China's macroeconomic strategies have been designed to accommodate potential uncertainties, emphasizing a positive outlook for sustained growth throughout the year. He reiterated China’s dedication to stable and long-term economic development. Both Europe and China are preparing for significant repercussions from Trump's reciprocal tariffs, which impose a further 20% duty on European exports, while China's exports will face a substantial 104% additional levy, effective from 12:01 AM EDT on April 9. In a separate statement, China's Foreign Ministry condemned the application of tariffs as a form of economic pressure, criticizing such measures as counterproductive and detrimental to all involved parties.