104% Tariffs: China’s Premier Li Qiang Vows Retaliation, Warns Trump of Long Trade Battle
Video Credit: Oneindia - Duration: 03:11s - Published
104% Tariffs: China’s Premier Li Qiang Vows Retaliation, Warns Trump of Long Trade Battle
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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For the first time since taking power, Chinese President Xi Jinping is skipping the BRICS Summit, sending Premier Li Qiang to Rio de Janeiro in his place. Xi’s absence raises questions amid global trade turmoil and U.S. tariff threats. While China remains committed to the BRICS vision, experts say Xi may be prioritizing domestic challenges over diplomacy this year. Li is expected to strengthen energy ties and promote digital currency cooperation as BRICS expands and positions itself against Western dominance.
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