China’s premier has warned “changes unseen in a century are unfolding across the world” as a trade war with the US intensifies.
Li Qiang was speaking in parliament – a day after Washington slapped another 10% tariff on Chinese goods.
Beijing has responded with 10% to 15% tariffs on US food and agricultural products.
“Global economic growth lacks steam, unilateralism and protectionism are on the rise… the multilateral trading system is experiencing disruptions and tariff barriers continue to increase,” Premier Li added.
The Chinese Embassy in the US has also dialled up the pressure, writing on X: “If war is what the US wants, be it tariff war, a trade war or any other type of war, we’re ready to fight till the end.”
This statement was first made by China’s ministry of foreign affairs on Tuesday. The fact that China has repeated it two days in a row is significant.
It is a pointed message to the US that China’s patience is running out – and its rhetoric about the tit-for-tat tariffs is growing harsher. It has called the tariff war “pressure”, “blackmail”, a “smear campaign” and “shifting the blame”.
But Mr Trump loves imposing tariffs on China and appears convinced the pressure will work. He blames China for exporting the chemical precursors used to make fentanyl, which has fuelled the US opioid epidemic.
Meanwhile, China is facing severe economic challenges at home, with the country setting a growth target of “about 5%” for this year.
The government’s work report said a major task this year is to boost consumption and domestic demand.
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