China to convene a high-level meeting in response to US tariffs

Citing people with knowledge of the matter, Reuters reported on Wednesday that senior officials from China’s State Council, several government and regulatory bodies plan to hold a meeting as early as Wednesday in response to US President Donald Trump’s 104% tariffs on Chinese goods.

The policymakers were set to discuss measures to boost domestic consumption and support capital markets, according to sources.

One of the sources added that initiatives such as export tax rebates were also likely to be discussed.