Donald Trump, once more, is moving to slash imports from China. Just like in his first term, the returning U.S. president wants to decouple from the world’s second-largest economy and establish self-sufficiency in key strategic sectors.

Beijing is doubling down on self-reliance and vowing to grow its economy and military.

Two starkly divergent views of the future were laid out on opposite sides of the Pacific on Wednesday, as Chinese Premier Li Qiang pledged more aggressive spending to drive growth, while US President Donald Trump vowed to scale back the federal government to balance the books.

The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds