Chinese Premier Li Qiang has reaffirmed Beijing’s readiness to navigate rising global economic uncertainties, as trade tensions between China and the United States intensify.
Speaking through state broadcaster China Central Television (CCTV), Premier Li declared, “We are prepared to deal with uncertainty,” a message interpreted as a direct response to recent developments in US-China trade relations.
This comes as China announced a sharp increase in additional tariffs on American imports, raising the rate from 34% to 84%. Beijing also revealed plans to lodge a formal complaint with the World Trade Organization (WTO) in protest against the US’s latest 50% tariff hike on Chinese goods.
In a separate move to stabilize the financial market, China’s Central Bank vowed to prevent a significant depreciation of the yuan. The apex bank has instructed major state-owned lenders to reduce US dollar purchases and intensify scrutiny of clients’ foreign exchange transactions. Analysts believe this is part of broader efforts to limit speculative trading and support the yuan under mounting pressure.
Meanwhile, the Chinese Ministry of Foreign Affairs issued a stern warning following US President Donald Trump’s latest tariff increase—raising levies on Chinese imports to a staggering 104%. Ministry spokesperson Lin Jian emphasized that China will take “resolute and strong measures” in response, asserting that the government remains committed to protecting the rights and interests of its citizens.
The White House said the increased tariffs would take effect overnight, citing China’s refusal to roll back its retaliatory duties on American exports.
As the economic standoff between the world’s two largest economies deepens, global markets watch closely for the next move in what is shaping up to be a prolonged and high-stakes trade battle.
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