China launches cross-border trade development program in response to Trump's tariffs

Chinese authorities, in response to tariff increases by US President Donald Trump, have launched a large-scale nationwide campaign to promote cross-border trade that will take into account the needs of most companies, Vice Premier of the State Council of the People's Republic of China He Lifeng said, Report informs via TASS.

"We need to look directly at the new situation that has arisen due to the recent increase in tariffs by the United States against our country, firmly adhere to the set goals taking into account existing problems, and focus on the needs of the majority of enterprises," he emphasized.

According to He Lifeng, the Chinese authorities intend to strengthen strategic measures to address pressing problems and "give new impetus" to the development of international trade activities. He specified that China will improve the business environment, "counter external shocks," while stabilizing growth.

The Vice Premier paid special attention to the need to strengthen contacts with other countries, promote interaction in accordance with mutually accepted rules, strengthen "docking mechanisms," optimize trade and economic cooperation and humanitarian exchanges, and expand the "circle of friends." As he noted, in addition to this, it is necessary to introduce smart technologies in customs activities.