China Likely to Face Small Economic Impact From Trump's Tariff -- Market Talk

Dow Jones15:11

0711 GMT - China will likely face a small economic impact from President Trump's additional 10% tariff on the country, says Commerzbank Research senior economist Tommy Wu in a note. The extra tariff may reduce Chinese exports to the U.S. by about 20%, or 3% of total Chinese exports, he writes. It could also reduce China's GDP by 0.2%, after accounting for potential trade diversion through Southeast Asia and Mexico, Wu says. "This may look small," he adds. However, China's economic impact could be much bigger if the U.S. raises tariffs more sharply or imposes tariffs on other countries to deter trade diversions, Wu says.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

February 03, 2025 02:11 ET (07:11 GMT)

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