Chinese President Xi Jinping has announced a new plan to counter the tariffs imposed by the Trump administration. A meeting was held this Friday by the Politburo to address the country’s economic situation,

President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.

China’s leader Xi Jinping has released a letter denouncing tariff and trade wars and urging the multilateral trading system, stable global industrial and supply chains, and open and