Beijing Responds to Trump's Tariffs

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US tariffs

CNN

•

World

China has a message for Trump: the US won’t stop its rise

Summary

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77% Informative

US President Donald Trump doubled additional tariffs on all Chinese imports to 20% on Tuesday .

China ’s top official: “We can prevail over any difficulty in pursuing development,” Li Qiang told thousands of delegates at the opening meeting of the National People's Congress .

“Confidence” has been an unofficial buzzword of the weeklong event, which ends Tuesday .

China is trying to boost consumption and spur growth, setting an ambitious expansion target of “around 5% ” this year .

Some analysts say Beijing ’s initiatives are short on details and much less aggressive than needed to rev up the economy and boost consumer confidence.

Beijing also wants to direct resources toward the high-tech transformation of its economy and industries.

China is still an indispensable part of global supply chains.

The country’s deficit with the US means it will have less room to hit back if a trade war escalates.

Beijing is expected to be calculating other measures like export controls that it could use for leverage.

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formal

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English

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