China’s top leaders are poised to meet Thursday to discuss additional economic stimulus after US President Donald Trump ratcheted up tariffs, according to people familiar with the matter.

China needs to implement more proactive macroeconomic policies and roll them out in a timely manner as "external shocks" have put pressures to China's economic stabilisation, Premier Li Qiang said on Wednesday,

“Xi will not be forced into a call,” said Sun Yun, director of the China program at the Washington-based think tank Stimson Center. Only once in recent history, she noted, has a Chinese leader phoned the United States without invitation — after the 9/11 terrorist attacks. The trade tensions, if unchecked, could spill into other domains, she warned.

David Rennie, British journalist and geopolitics editor at The Economist, spoke at the University of Wisconsin-Madison Thursday, arguing that the United States and China must remain economic allies.

China is willing to work with its trading partners, including ASEAN countries, to strengthen communication and coordination, its commerce minister said in talks with Malaysian Trade Minister Zafrul Aziz.

Despite its misgivings about China’s industrial policies and growing political assertiveness, the EU is also keen for rail links with Central Asia and China to be improved. It says the corridor through Turkey matches the goals of its own infrastructure-building scheme, known as Global Gateway.

Economist Steve Moore blamed China for Friday’s steep market losses, calling Beijing the “real villain” behind the sell-off and accusing it of launching what he described as an “economic declaration of war” against the United States.

After meetings with Chinese officials, Maros Sefcovic, the trade representative, heralded E.U.-China ties, with both sides signaling their intent to deepen “trade and investment.” The trip illustrated how the Trump administration’s jilted allies in Europe are scrambling to hedge their bets in a world where alliances,