US EditionTrump Tariffs ‘a Severe Blow’ to World Economy: Chinese Premier After Country’s Record Trade Surplus
Premier Li Qiang criticized global tariffs for harming the economy and called for stronger governance after China’s 2025 trade surplus surpassed $1 trillion, driven by exports outside the U.S.
- On Tuesday, China’s Premier Li Qiang urged trading partners to reject rising protectionism at the 1+10 Dialogue forum, Beijing, pressing the IMF, World Bank and World Trade Organization to strengthen global governance.
- China's record $1 trillion trade surplus followed customs data showing exports to the US fell 29% year-on-year in November while overall exports rose 5.9%.
- Li warned rising tariffs have delivered a `severe blow` to the world economy, saying the mutually destructive consequences are becoming increasingly apparent and calls to uphold free trade are growing.
- Beijing now faces growing pressure to reform its $19 trillion economy and reduce export reliance, while Emmanuel Macron, French President, said he threatened tariffs during his state visit last week.
- Li said domestic demand `will be unleashed at a faster pace` over five years, with growth on track at about 5% in 2025 as analysts say exports will drive around 40% of global growth.
12 Articles
12 Articles
Trump tariffs ‘a severe blow’ to world economy: Chinese premier after country’s record trade surplus
China’s Premier Li Qiang has warned that rising global tariffs are hurting the world economy, even as China’s trade surplus has topped $1 trillion, highlighting the strain protectionist measures are placing on global growth.
China Admits Trump Tariffs Severely Damaged Its Economy.
PULSE POINTSWHAT HAPPENED: Chinese Premier Li Qiang criticized tariffs, including those imposed by U.S. President Donald J. Trump, claiming they have harmed the global economy—seen by many as an admission that Trump’s tariff policies have had a significant impact on China specifically.WHO WAS INVOLVED: Premier Li Qiang, President Trump, French President Emmanuel Macron, and global trade partners.WHEN & WHERE: Tuesday, during an international for…
New Strait Times
China's Li criticises tariffs as record trade surplus irks export markets - New Straits Times Online
BEIJING: China’s Premier Li Qiang on Tuesday urged trading partners to reject rising protectionism, a day after the world’s second-largest economy posted a record US$1 trillion trade surplus driven by a rush of exports to non-US markets.
The Star Kuala Lumpur
China's Li says tariff consequences increasingly evident
BEIJING: China's Premier Li Qiang said on Tuesday (Dec 9) the "mutually destructive consequences of tariffs have become increasingly evident" over 2025, in remarks at a "1+10 Dialogue" including the heads of the IMF, World Trade Organization and World Bank.
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