Tuesday, December 9, 2025
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    HomeAsiaChina's Li says tariff consequences increasingly evident

    China’s Li says tariff consequences increasingly evident

    BEIJING, Dec 9 (Reuters) - ​China's Premier Li Qiang said on Tuesday 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.

    Without naming U.S. President Donald ​Trump, China's second-highest ranking official told the meeting in Beijing that greater effort was needed to reform ​global economic governance due to the trade barriers.

    China's trade surplus topped $1 trillion for the first time in November, trade data showed on Monday, which economists say is linked to ‌Trump's tariffs diverting shipments from the world's second-largest ‌economy to other markets, putting pressure on manufacturing sectors in those ​economies.

    "Since the beginning of the year, the threat of tariffs has loomed over the global ‌economy," Li told the meeting, which also includes senior ⁠officials from the OECD and International Labour ‌Organization.

    Li also said ​artificial intelligence is becoming central to trade, highlighting models such as China’s DeepSeek as drivers of the ⁠global transformation of ⁠traditional industries and as catalysts for growth in ​new sectors, including smart robots and wearable devices.

    (Reporting by Joe Cash; ‌Editing by Sam Holmes)

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