China’s central bank said Wednesday that it would cut interest rates and inject more liquidity into the financial system, seeking to bolster the economy in response to trade tensions with Washington.The measures—Beijing’s first concrete steps since President Trump ratcheted up tariffs on Chinese goods in April—continued the Chinese government’s incremental approach to dealing with economic difficulties.

BEIJING — China has announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump ’s trade war, as the two sides prepare for talks later this week. Beijing’s central bank governor and other top financial officials outlined plans to cut interest rates and reduce bank reserve requirements to help free up more funding for lending.