Trump's 40% Tariffs on China Threatens Economic Growth in 2025

CosmicTaco · 2024-11-20T16:21:44.977773+05:30

* US could impose nearly 40% tariffs on Chinese imports in 2025, potentially reducing China's economic growth by 1%. * Economists predict Trump will resist starting with blanket 60% tariffs on Chinese goods. * Chinese policymakers face increased pressure to spur domestic demand to offset expected drop in exports. Source: [Economic Times](https://economictimes.indiatimes.com/news/international/global-trends/donald-trump-to-unleash-nearly-40-tariffs-on-china-in-early-2025-hitting-growth/articleshow/115480574.cms)

US could impose nearly 40% tariffs on Chinese imports in 2025, potentially reducing China's economic growth by 1%.
Economists predict Trump will resist starting with blanket 60% tariffs on Chinese goods.
Chinese policymakers face increased pressure to spur domestic demand to offset expected drop in exports.

Source: Economic Times