The US may impose a 40% tariff on Chinese imports.
According to the information provided, the United States may increase the tariff on imports from China to 40% at the beginning of next year, after Donald Trump takes office as president.
According to Reuters, such an increase in tariffs could result in a reduction of China's economic growth by 1 percentage point.
Surveys also show that Trump is unlikely to impose an overall tariff of 60% on Chinese goods.
The majority of economists expect tariffs to be implemented at the beginning of the coming year. The average projected rate is 38%, with various forecasts ranging from 15% to 60%.
The majority of respondents do not consider it likely that the overall tariff of 60% on Chinese goods will be maintained until 2025, as this could lead to inflation in the US.
Chinese policymakers engaged in measures to stimulate economic growth are facing increasing pressure to boost domestic demand to offset the expected decline in exports - the main growth factor this year, analysts note.
Read also
- Attacks on military facilities in Russia will increase - expert
- Kyslytsia: During the full-scale war, Russia has been excluded from a number of UN bodies
- ECB warns of high debt risk of crisis in the Eurozone
- Russia demonstrated the capability of a nuclear strike on Ukraine, - Defense Express
- Forbes has revealed how the Armed Forces of Ukraine could have attacked the site in Mariyno, Kursk region
- The Factor of Russia's War Against Ukraine Has Become an Element of Confrontation on the Korean Peninsula — Expert