**China’s Leaders Vow Economic Support Amid Trade War Tensions**

China’s top leaders have committed to bolstering the economy and resisting “unilateral bullying” in global trade, indirectly criticizing the substantial tariffs imposed by US President Donald Trump. The ongoing trade dispute between the world’s two largest economies has caused market jitters and prompted major companies to reassess their supply chains.

Trump, since his return to the White House, has imposed 10% tariffs on most trading partners, with China facing a significant 145% tariff on many products. In response, Beijing has retaliated with 125% tariffs on US goods. Despite statements from Beijing’s commerce ministry indicating no ongoing trade negotiations with the US, Trump insists that discussions have been taking place.

Notably, China is reportedly considering exempting certain US semiconductor products from additional tariffs, potentially easing tensions. In a related development, China canceled a substantial amount of US pork shipments, marking the largest cancellation since the onset of the Covid-19 pandemic.

The Chinese Communist party’s recent focus on economic matters, attended by President Xi Jinping, acknowledged the escalating impact of external shocks on the economy. While showing readiness to introduce new policies in response to external pressures, Beijing seems cautious about implementing a large stimulus immediately.

Overall, China’s stance reflects a strategic approach to navigate the challenges posed by the trade war, emphasizing cooperation with the international community and adherence to multilateral principles in the face of escalating trade tensions with the US.