China’s Premier Li Qiang has fiercely responded to the U.S. imposing 104% tariffs on Chinese goods, calling the move unilateral and protectionist. As Trump intensifies the trade war with additional layers of tariffs, Li asserts China can fully offset the impact using strong policy tools. With $438B in exports at stake, the battle escalates. China is pivoting toward the EU, warning of severe U.S. market volatility. As Beijing fights “to the end,” the global economic tension hits a new peak.
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