Trump tariffs could create a new challenge for Chinese policymakers: A growth rate below 5%

Trump tariffs could create a new challenge for Chinese policymakers: A growth rate below 5%

From cnbc.com

The imminent U.S. tariffs are likely to deal a significant blow to China’s already-faltering economy, reinforcing calls for more forceful stimulus measures to bolster the country’s growth. U.S. President Donald Trump on Saturday followed through on a threat made after his presidential victory, imposing 10% tariffs on Chinese goods, starting Tuesday, over Beijing’s alleged failure to prevent the flow fentanyl into the U.S. The blanket 10% tariffs will be levied on top of the existing tariffs of up to 25% that Trump had imposed on Chinese goods during his first presidency. The additional 10% tariffs would reduce ... (full story)

I think Mr President took very bold decision. Sudden increase can cause a very drastic impact on entire economical system

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post: CHINA TO IMPOSE TAX ON CERTAIN US IMPORTS post: CHINA TO IMPOSE 15% TARIFF ON COAL AND LNG IMPORTED FROM US post: CHINA TO IMPOSE 10% TARIFF ON US OIL AND AGRICULTURAL MACHINERY post: CRUDE CONTINUES TO FALL WITH CHINA'S ANNOUNCEMENT OF 10% TARIFF ON US OIL
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