The US is about to hit China with yet more tariffs. How will Beijing respond?
Goldman Sachs predicts China will likely impose retaliatory tariffs on the US if Washington increases duties on Chinese imports by another 10%. In addition to tariffs, Beijing is expected to implement broader economic measures to shield its exporters from the latest US tariffs, scheduled to take effect on Tuesday.
This development follows US President Trump's announcement of a 10% tariff hike on all Chinese imports, citing China's failure to prevent fentanyl ingredients from reaching the US. To mitigate the impact, China may expand its economic stimulus policies and selectively increase tariffs on US imports, potentially raising the 2025 fiscal deficit to 4% during the upcoming "two sessions."
via SCMP Full Text Feed
Goldman Sachs predicts China will likely impose retaliatory tariffs on the US if Washington increases duties on Chinese imports by another 10%. In addition to tariffs, Beijing is expected to implement broader economic measures to shield its exporters from the latest US tariffs, scheduled to take effect on Tuesday.
This development follows US President Trump's announcement of a 10% tariff hike on all Chinese imports, citing China's failure to prevent fentanyl ingredients from reaching the US. To mitigate the impact, China may expand its economic stimulus policies and selectively increase tariffs on US imports, potentially raising the 2025 fiscal deficit to 4% during the upcoming "two sessions."
via SCMP Full Text Feed
