Donald Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth

Economists predict that the U.S. could impose nearly 40% tariffs on Chinese imports in early 2025, potentially reducing China’s economic growth by up to 1 percentage point. While most don’t anticipate blanket 60% tariffs, the move could necessitate increased stimulus from Chinese policymakers to offset the impact on exports. Economists predict that the U.S. could impose nearly 40% tariffs on Chinese imports in early 2025, potentially reducing China’s economic growth by up to 1 percentage point. While most don’t anticipate blanket 60% tariffs, the move could necessitate increased stimulus from Chinese policymakers to offset the impact on exports.  Economic Times