Economic Outlook of China Amid 104% US Tariff
Premier Li Qiang has expressed confidence in China's economic outlook for 2025. The United States, under President Donald Trump, has imposed a sweeping 104% tariff on all Chinese imports. Despite this, Premier Li remains confident. On a call with European Commission President Ursula von der Leyen, Li stated that China has the necessary policy tools. These tools would cushion any adverse impact from external disruptions effectively. This includes the recently announced American trade penalties. According to an official summary of the conversation, Li emphasized that Beijing’s current macroeconomic strategy has already considered global uncertainties. The government continues to be committed…