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Trump's tariffs deal a big blow to China's economy! Experts say GDP may fall by up to 2 percent
Washington: The tariff policies proposed by America's newly elected President Donald Trump have raised the possibility of causing a deep blow to China's economy. During his election campaign, Trump had talked about imposing heavy tariffs on goods imported from China, and now after he comes to power, the possibility of this policy being implemented has increased. Experts believe that due to these tariffs, China's GDP may fall by up to 2 percent.
Economists say that if the US, which is China's largest trading partner, increases tariffs, it will have a huge impact on Chinese exports. This will not only affect China's manufacturing industry, but employment and domestic consumption may also be negatively affected. According to a report, China has already suffered economic losses due to the trade war between the two countries in the last few years, and now new tariffs can make this situation even more serious.
The Chinese government has not yet issued any official statement on this, but it is believed that Beijing may respond to these tariffs with changes in its policies or retaliatory tariffs. This news has also created a stir in the international market, as it may also affect the global supply chain.
Analysts say that this situation can be challenging not only for China but also for the global economy. Now all eyes are on how strictly the Trump administration implements this policy and how China responds to it.
Washington: The tariff policies proposed by America's newly elected President Donald Trump have raised the possibility of causing a deep blow to China's economy. During his election campaign, Trump had talked about imposing heavy tariffs on goods imported from China, and now after he comes to power, the possibility of this policy being implemented has increased. Experts believe that due to these tariffs, China's GDP may fall by up to 2 percent.
Economists say that if the US, which is China's largest trading partner, increases tariffs, it will have a huge impact on Chinese exports. This will not only affect China's manufacturing industry, but employment and domestic consumption may also be negatively affected. According to a report, China has already suffered economic losses due to the trade war between the two countries in the last few years, and now new tariffs can make this situation even more serious.
The Chinese government has not yet issued any official statement on this, but it is believed that Beijing may respond to these tariffs with changes in its policies or retaliatory tariffs. This news has also created a stir in the international market, as it may also affect the global supply chain.
Analysts say that this situation can be challenging not only for China but also for the global economy. Now all eyes are on how strictly the Trump administration implements this policy and how China responds to it.
Economists say that if the US, which is China's largest trading partner, increases tariffs, it will have a huge impact on Chinese exports. This will not only affect China's manufacturing industry, but employment and domestic consumption may also be negatively affected. According to a report, China has already suffered economic losses due to the trade war between the two countries in the last few years, and now new tariffs can make this situation even more serious.
The Chinese government has not yet issued any official statement on this, but it is believed that Beijing may respond to these tariffs with changes in its policies or retaliatory tariffs. This news has also created a stir in the international market, as it may also affect the global supply chain.
Analysts say that this situation can be challenging not only for China but also for the global economy. Now all eyes are on how strictly the Trump administration implements this policy and how China responds to it.
