China's leadership has dismissed President Trump's claims of active tariff negotiations amid the ongoing trade war with the US. Foreign Ministry spokesperson Guo Jiakun confirmed that no formal discussions are taking place. US tariffs on Chinese goods are now at 145%, while China's retaliatory tariffs are at 125%. Beijing asserts that all unilateral tariffs must be lifted by the US to move forward. Policymakers, including President Xi, have emphasized support for affected businesses and are considering new policies, although they are currently not in a hurry for large stimulus measures.
Beijing has firmly rejected President Trump’s assertions regarding ongoing tariff negotiations, asserting that the two nations are not engaged in formal discussions amidst escalating trade tensions.
China's leadership emphasizes that to resolve existing trade tensions, the US must first lift all unilateral tariffs imposed on Chinese goods, currently at a staggering 145 percent.
Top Chinese policymakers, including President Xi, convened to bolster support for businesses facing external economic shocks while emphasizing the need to uphold multilateralism against unilateral actions.
Analyst Zhiwei Zhang indicates that while China has plans for economic support, they are not rushing into a significant stimulus package, preferring to evaluate the situation.
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