Unlock the White House View Newspaper FREE
Your guide to what the 2024 American elections mean for Washington and the world
China said it was ready for any “sudden shock” in front of US President Donald Trump who imposed the highest tariffs on the world’s second largest economy and rival superpower.
Prime Minister Li Qiang, responsible for the Chinese economy under the leader Xi Jinping, told foreign business leaders gathered in Beijing on Sunday that uncertainty and instability were growing, but China would choose the “correct path” of globalization and multilateralism.
“We have preparations for potential unexpected shocks, which of course come mainly from external sources,” Li said.
The US is expected to impose additional taxes on imports from China on April 2, when it discovers the “reciprocal fee” in the world.
The Chinese prime minister’s warning tone comes as Beijing tries to improve the sense of consumer and investors, also preparing potential vengeful measures against future US tariffs and sanctions.
Since taking office, Trump has already hit 20 percent fees for commodities from China, in a move that the White House says it has been created to pressure Beijing to hit more companies that make components for fentanil, a sometimes deadly synthetic opioid that has caused a drug use epidemic in the US
Li’s comments come as countries and companies demanding the impact of mutual tariffs between expectations that Trump is not prone to giving up before the deadline.
There have been very few high -level talks between SH.BA and China since Trump took office, stopping a call between President and President Xi Jinping.
Trump last week said that Xi would come to the SH.BA in the “not too distant future”, but people familiar with conversations in Washington and Beijing said there were no discussions about XI traveling to America.
Later on Sunday, Li is expected to meet Steve Daines, a Republican senator from Montana who is very close to Trump. Daines, who previously worked in China in business, on Saturday met with Deputy Premier He Lifeng, in a rare meeting between a senior US lawmaker and a senior Chinese official.
Daines’ office said he used his meeting with him to repeat Trump’s call for China to stop the flow of chemicals used to make Fentanil. She added that the Senator “expressed hope that further high -level talks would take place between the United States and China in the near future.”
