Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
Chinese Premier Li Qiang issued a strong warning against a return to the “law of the jungle” in international trade, denouncing unilateralism and protectionism days before a crucial meeting between President Donald Trump and Chinese President Xi Jinping. Speaking at a regional summit in Kuala Lumpur, Li’s remarks directly addressed the tariffs imposed by President Trump, advocating instead for a strengthened commitment to the global free trade system.
Chinese Premier’s Warning
Premier Li emphasized that “economic globalization and multipolarity are irreversible,” stressing that the world should not revert to a system where “the strong bully the weak.” He further highlighted that unilateralism and protectionism were “rampant” and posed “huge risks to the region.”
Li’s comments underscore China’s long-standing position on global trade governance, particularly in the context of the ongoing trade disputes with the United States. His call for a commitment to the free trade system reflects Beijing’s preference for multilateral frameworks over bilateral pressures.
Anticipating the Trump-Xi Talks
The Premier’s statements precede a high-stakes meeting scheduled for Thursday in South Korea between President Trump and President Xi. This will be their first face-to-face discussion since President Trump’s return to the White House, with the primary objective of resolving the protracted trade war between the two economic powers.
Ahead of President Trump’s arrival in Malaysia, US and Chinese negotiators, including China’s Vice Premier He Lifeng, engaged in two days of trade talks. Both sides have reportedly agreed on a “framework” in an effort to avert additional 100 percent tariffs slated to take effect on November 1.
President Trump’s Asia Tour and Outlook
President Trump, who commenced his Asia tour in Malaysia on Sunday and arrived in Tokyo on Monday, expressed optimism about reaching a deal with President Xi. Speaking to reporters on Air Force One, Trump stated, “I have a lot of respect for President Xi and we are going to, I think… come away with a deal,” also indicating a potential visit to China in early 2026.
During his regional tour, President Trump also engaged in diplomatic efforts, including mending relations with Brazilian President Luiz Inacio Lula da Silva. However, he ruled out an immediate meeting with Canadian Prime Minister Mark Carney.
Outlook for Global Trade
The upcoming Trump-Xi meeting is a pivotal moment for global trade, with China signaling its firm stance against protectionist measures. The outcome of these discussions will determine the immediate future of US-China trade relations and potentially influence the broader landscape of international economic cooperation.
