FX.co ★ China Holds Stimulus Talks as ASEAN Weighs U.S. Tariff Response

China's senior leadership is set to convene on Thursday to consider additional economic stimulus measures in reaction to significant U.S. tariffs, as reported by Bloomberg News. This special meeting will target enhancements in the housing sector, consumer expenditure, and technological advancement. Concurrently, Chinese financial regulators and various governmental bodies are preparing to meet with the aim of identifying strategies to stabilize the financial markets, according to Bloomberg. In a separate development, ASEAN member states are assembling today to deliberate on President Trump's aggressive tariff measures. Thus far, ASEAN governments have preferred dialogue over retaliation. Secretary General Kao Kim Hourn has encouraged the bloc to take decisive action to expedite regional economic integration. On Wednesday, President Trump intensified trade tensions with China by increasing import duties to 125%, although he declared a 90-day suspension on reciprocal tariffs for numerous other trade partners. Meanwhile, Beijing has pledged to "fight to the end" and had previously heightened tariffs on U.S. exports to 84% following Trump's earlier actions.