China says it is ready for ‘shocks’ as fresh Trump tariffs loom

MT HANNACH
3 Min Read
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China said it was ready for “unexpected shocks” before US President Donald Trump imposing higher prices on the second world economy and rival.

Prime Minister Li Qiang, head of the Chinese economy under chief Xi Jinping, told Beijing on Sunday, foreign business leaders told Beijing that uncertainty and instability increased, but China would choose the “good path” of globalization and multilateralism.

“We have preparations for possible unexpected shocks, which of course come mainly from external sources,” said Li.

The United States is expected to impose additional withdrawals on imports from China on April 2, when it reveals “Reciprocal prices” on the countries of the world.

The edifying tone of the Chinese first comes while Beijing is trying to improve the feeling of consumers and investors, while preparing potential reprisal measures against future American prices and sanctions.

Since taking office, Trump has already slapped 20% The prices on goods from China, in a movement, according to the White House, is designed to put pressure on Beijing to repress stronger against companies that make fentanyl ingredients, a sometimes deadly synthetic opioid that sparked a drug use epidemic in the United States.

LI’s comments arise as countries and businesses are preparing for the impact of reciprocal prices among the expectations that Trump is not inclined to give derogations before the deadline.

There have been very few high-level talks between the United States and China since Trump took office, except a telephone call between the president and President Xi Jinping.

Trump last week said Xi would come to the United States in the “Not too far away”, But people familiar with conversations in Washington and Beijing said there had been no discussion on Xi’s trip to America.

Later Sunday, Li Meeting Steve Daines, a Republican senator from Montana who is very close to Trump. Daines, who previously worked in China for business, met the Deputy Prime Minister He Lifeng on Saturday during a rare meeting between a senior American legislator and a senior Chinese official.

The Daines office said that he had used his meeting with him to repeat Trump’s call to China to stop the flow of chemicals used to make fentanyl. He added that the senator had “expressed hope that new high-level talks between the United States and China will take place in the near future”.

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