China Draws Lines on US Tariffs, AI Ahead of Trump-Xi Meeting

Summary

Brendan Murray reports on China's red line on US tariffs ahead of a Trump-Xi meeting. China's effective tariff rate is around 22% and it warns of a renewed trade war if the rate exceeds roughly 30%. The US has also accused China of AI technology theft. Tensions remain stable but another escalation signal is clear.

• US-China trade tensions are in focus ahead of a planned Trump-Xi meeting in less than two months.
• China currently faces an effective US tariff rate of about 22% and has drawn a red line near 30%.
• Beijing warns that crossing that line would trigger a trade war again.
• Separately, US officials accuse China of stealing US AI technology for its own companies.
• China signals it will retaliate if tariff escalation and tech-theft accusations continue.