China is responding to U.S. tariffs with a focus on domestic stimulus and trade improvements.

From CNBC: 2025-04-03 23:25:00

China is preparing to address new U.S. tariffs by focusing on domestic stimulus and strengthening trading partnerships, according to analysts. The Chinese Ministry of Commerce called for the cancellation of the tariffs and promised countermeasures after President Trump announced additional tariffs. Chinese exports to the U.S. already face a 54% tariff rate.

Beijing is expected to prioritize improving its economy through diversifying exports and boosting domestic consumption, analysts say. China has increased stimulus efforts since September and aims for 5% GDP growth this year. Beijing may utilize blacklists, export controls, and a strong yuan to counteract the impact of tariffs while pushing inflationary pressure onto the U.S.

Trump’s latest tariff announcement targets several countries, not just China, impacting global trade dynamics. Businesses in Chinese export hubs remain relatively unfazed by the new tariffs, as other countries like Vietnam and Thailand had served as alternate routes for Chinese goods. China aims to build stronger trade relationships amid changing global trade dynamics. 1. The stock market surged today, with the Dow Jones Industrial Average gaining 500 points. Investors were optimistic about a potential trade deal with China and positive economic data. Tech and healthcare stocks led the way, with Apple and Pfizer seeing significant gains.

2. A new study found that eating a plant-based diet may reduce the risk of developing type 2 diabetes. Researchers analyzed data from over 200,000 participants and found that those who followed a plant-based diet had a 23% lower risk of diabetes compared to those who did not.

3. Hurricane Dorian continues to strengthen as it heads towards the southeastern United States. The Category 4 storm is expected to make landfall in Florida with winds of up to 130 mph. Residents are being urged to evacuate and prepare for potential flooding and power outages.

4. The United Nations is calling for urgent action to address the climate crisis. A new report warns that climate change is accelerating at a faster pace than previously thought, with devastating impacts on ecosystems and human health. The report urges world leaders to take immediate steps to reduce carbon emissions and mitigate the effects of global warming.

Read more: China’s response to U.S. tariffs will likely focus on stimulus, trade