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Chinese Premier Highlights Economic Impact of US Tariffs Amid Surplus Growth

Chinese Premier Highlights Economic Impact of US Tariffs Amid Surplus Growth

Chinese Premier Li Qiang has expressed concerns over the negative impact of higher tariffs on the global economy, as China's trade surplus surpasses $1 trillion. Speaking at a forum in Beijing attended by representatives from the International Monetary Fund, World Bank, and World Trade Organization, Li emphasized the damaging effects of tariffs, which have been increasingly imposed worldwide. Although President Trump's tariffs have reduced Chinese exports to the U.S., China has compensated with increased exports to other markets. Despite a 29% drop in exports to the U.S. in November, China's overall exports rose by 5.9% compared to the previous year. The trade friction between China and the U.S. has eased following a meeting between Trump and Chinese President Xi Jinping, where both sides agreed to extend a truce in retaliatory measures.

Chinese Premier Highlights Impact of US Tariffs as China's Trade Surplus Exceeds $1 Trillion

Chinese Premier Highlights Impact of US Tariffs as China's Trade Surplus Exceeds $1 Trillion

Chinese Premier Li Qiang has addressed the impact of U.S. tariffs on the global economy, noting that these measures have significantly affected international trade. Despite the tariffs, China's trade surplus has surpassed $1 trillion, with exports rising by 5.9% in 2025. The tariffs, imposed by President Trump, have led to a 29% decline in Chinese exports to the U.S. in November, marking the eighth consecutive month of decreases. However, China has compensated for this by increasing exports to other global markets. The remarks were made during a forum in Beijing, where Li emphasized the need for free trade and collaborative innovation.

FACT FOCUS: Trump blames Biden for the agricultural trade deficit. It's not that simple

FACT FOCUS: Trump blames Biden for the agricultural trade deficit. It's not that simple

As President Donald Trump announced a $12 billion farm aid package this week to help U.S. farmers hurt by tariffs, he placed responsibility for the U.S. agricultural trade deficit on former President Joe Biden

Congress would target China with new restrictions in massive defense bill

Congress would target China with new restrictions in massive defense bill

The Trump administration may have softened its language on China to maintain a truce in their trade war, but Congress is pushing for more restrictions on Beijing

Trump wants to keep farmers happy with cash. They're still worried about the future

Trump wants to keep farmers happy with cash. They're still worried about the future

Farmers in the U.S. are feeling the strain from trade disputes, particularly with China

Chinese Premier Highlights Impact of US Tariffs Amid Surging Trade Surplus

Chinese Premier Highlights Impact of US Tariffs Amid Surging Trade Surplus

Chinese Premier Li Qiang has highlighted the negative impact of higher tariffs on the global economy, despite China's trade surplus surpassing $1 trillion. Speaking at a forum in Beijing, Li noted that the tariffs, which have been implemented by various countries, have significantly harmed global economic activity. Although Chinese exports to the United States have decreased, this has been offset by increased exports to other markets. The trade surplus has been bolstered by a 5.9% rise in exports from the previous year. The remarks come as China continues to focus on strengthening its domestic economy and technological advancements, with the Central Economic Work Conference outlining plans for the country's economic strategy through 2030.

Chinese premier cites damage from US tariffs, as China's surplus surpasses $1 trillion

Chinese premier cites damage from US tariffs, as China's surplus surpasses $1 trillion

China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion

World shares are mixed after Wall Street pulls back from its record heights

World shares are mixed after Wall Street pulls back from its record heights

European markets are mixed and Asian shares retreated after U.S. stocks pulled away from their record heights

Trump is proposing a $12B aid package for farmers hit hard by his trade war with China

Trump is proposing a $12B aid package for farmers hit hard by his trade war with China

A White House official says President Donald Trump is planning a $12 billion aid package for U.S. farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war

China's Trade Surplus Surpasses $1 Trillion, Challenging U.S. Tariff Effectiveness

China's Trade Surplus Surpasses $1 Trillion, Challenging U.S. Tariff Effectiveness

China's trade surplus with the world has exceeded $1 trillion for the first time, raising questions about the effectiveness of tariffs imposed by developed countries, particularly those by President Trump. According to China's General Administration of Customs, exports increased by 5.4% in the first 11 months of the year compared to the previous year, while imports slightly decreased. This resulted in a global trade surplus of $1.07 trillion, surpassing the $990 billion recorded in 2024. Despite a 28% drop in exports to the U.S. in November, China's exports to Southeast Asia and the European Union have grown significantly. The increase in exports to Southeast Asia is partly attributed to 'transshipping,' where goods are assembled in Southeast Asia before being shipped to the U.S. French President Emmanuel Macron has threatened tariffs if China does not address its trade surplus with the EU.

China's Export Rebound Amid U.S. Trade Decline Highlights Shift to Emerging Markets

China's Export Rebound Amid U.S. Trade Decline Highlights Shift to Emerging Markets

China's exports experienced a notable rebound in November, growing by 5.9% to $330.3 billion, according to customs data. This growth comes despite a significant decline in exports to the U.S., which fell nearly 29% year-over-year. The rebound is attributed to increased shipments to Africa, Southeast Asia, and Latin America, as China shifts its focus to emerging markets. This geographic rebalancing is partly due to changes in supply chains and rising demand for Chinese goods in these regions. The recent trade truce between the U.S. and China, agreed upon during a meeting between President Trump and President Xi Jinping, has provided some optimism. The U.S. has lowered certain tariffs on Chinese goods, while China has suspended export controls on rare earths. However, analysts warn that the benefits of this truce may be limited due to unfavorable base effects.

President Trump Announces $12 Billion Aid for Farmers Affected by Tariffs

President Trump Announces $12 Billion Aid for Farmers Affected by Tariffs

President Trump has announced a $12 billion aid package aimed at supporting American farmers who are facing financial difficulties due to tariffs. The tariffs, part of a broader trade conflict with China, have led to increased prices and slower sales, particularly affecting soybean farmers. This aid is intended to provide relief to those impacted by the trade war, which has disrupted traditional agricultural markets and created economic uncertainty for farmers across the United States.