Chinese Premier Highlights Economic Impact of U.S. Tariffs Amid Surging Trade Surplus
China's Premier Li Qiang has expressed concerns over the negative impact of increased tariffs on the global economy, as China's trade surplus surpasses $1 trillion. Speaking at a forum in Beijing, Li noted that the tariffs, which have been implemented by various countries including the U.S., have significantly harmed global economic activities. Despite these challenges, China's trade surplus has grown, with exports to the U.S. declining by 29% in November compared to the previous year. However, this decline has been offset by increased exports to other markets. The trade tensions between the U.S. and China have eased slightly following a meeting between President Trump and Chinese President Xi Jinping, where they agreed to extend a truce on retaliatory measures. 
