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China unveils measures to counter 40% US tariff threat

China’s commerce ministry announced new measures to bolster foreign trade, including increasing financial support for firms, expanding agricultural exports, and supporting imports of core equipment and energy products. The move comes amid concerns over potential US tariffs of up to 40% on Chinese imports, which could negatively impact growth. The government aims to help companies manage currency risks, maintain the yuan’s stability, and counter unreasonable trade restrictions. Additionally, China plans to facilitate cross-border exchanges by supporting business personnel from key trading partners.

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