China Prepares Countermeasures as U.S.-China Trade Tensions Escalate
Xi Jinping warns of a 'no-win' trade war as Donald Trump plans steep tariff hikes on Chinese imports.
- Donald Trump is set to impose higher tariffs on Chinese imports after his upcoming inauguration, escalating trade tensions between the U.S. and China.
- Xi Jinping has criticized the potential trade war, stating it would harm both nations and contradict global economic trends.
- China is looking to stimulate domestic consumption and diversify trade partnerships with regions like ASEAN, Africa, and South America to reduce reliance on U.S. markets.
- Recent Chinese export data showed resilience, partly due to foreign companies stockpiling goods in anticipation of higher U.S. tariffs.
- China's leadership is exploring monetary policy adjustments and fiscal measures to counter economic pressures, though analysts remain cautious about the effectiveness of these efforts.