As President-elect Trump prepares to start his second term in office, China is bracing for unpredictability in its ties with the United States and renewed tensions over trade, technology and Taiwan.
Perhaps the biggest consequence for China—if Trump stays true to his campaign promises—is his threat to slap blanket 60% tariffs on all Chinese exports to the U.S.
Tariffs like that would be a blow to China's already unstable economy, which is suffering from high youth unemployment, a lengthy property slump and government debt. A 60% duty on Chinese imports could shave off 2.5 percentage points, or about half, of China's projected economic growth, according to an analysis published earlier this year by UBS.
Bu hikaye The Statesman dergisinin November 08, 2024 sayısından alınmıştır.
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Bu hikaye The Statesman dergisinin November 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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