China has cut interest rates and bank reserve requirements as part of a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump’s trade war

President Donald Trump's tariffs, set as high as 145% on imports from China, have begun to take a toll on its export-dependent economy.

In response to President Donald Trump's assertions, China maintains that its economy remains robust despite the impact of U.S. tariffs.

China's export growth likely slowed significantly in April, as shipments to the United States were dampened by Trump's tariffs and uncertainty over whether the world's two largest economies can strike a deal to ease the trade tensions.

U.S. President Donald Trump said on Thursday he expects there to be substantive negotiations between the United States and China on trade this weekend and said tariffs couldn't get higher than 145 percent.