Reported 2 months ago
As the U.S. presidential election approaches, the prospect of a second trade war under Donald Trump looms large. If reelected, Trump has vowed to impose tariffs of 60% on Chinese imports, potentially inflicting greater economic damage on China compared to the first round of tariffs. China's economy, already vulnerable from a prolonged property crisis and sluggish consumer spending, might see significant impacts on growth, with estimates suggesting a GDP reduction of up to 2.5 percentage points. This escalation would prompt China to find new markets and consider retaliatory measures, heightening global trade tensions.
Source: YAHOO