If US President Donald Trump carries out his threat to impose tariffs on another $200 billion of Chinese imports, it could reduce the Asian powerhouse’s economic growth by as much as half a percentage point, according to economists.
The world’s second-largest economy, as well as the greatest contributor to global growth, is already showing signs of slowing down as the ongoing dispute over tariffs escalates into a potentially lengthy trade war.
China’s economy grew by 6.9% in 2017 and Beijing has a growth target of 6.5% for 2018.
Trump told his staff on Monday to identify $200 billion in Chinese imports for additional tariffs of 10% – to be followed by another $200 billion if Beijing retaliates.
Trump has already pledged to impose tariffs of 25% on $50 billion of goods, starting on July 6 with an initial $34 billion worth of imports.
More imperialist nonsense. China is loved by all of SE Asia (check out the Bhumi policy in Malaysia) and they will stick by us to get rid of those large weaponed westerners
Very good Mr Trump, go for another round of tarrift to all imports by China. Let Deng Xiaoping know the real boss and this planet and let him know who holds the cards. Show to the peoples who always poking to China that America is the ultimate ruler in world affairs, world trade and let every body know that China can never match to America. That is the ultimate reality.