China export ‘rush’ expected ahead of Trump’s trade war 2.0, Beijing to show restraint

Posted under: AI technologies
Date: 2024-11-11
China export ‘rush’ expected ahead of Trump’s trade war 2.0, Beijing to show restraint

Donald Trump's election win may prompt US importers to accelerate shipments from China, anticipating potential tariffs. Analysts suggest tariffs’ impact on China's economy could be modest, with exporters adapting through alternative markets and yuan depreciation. However, substantial tariffs might reduce China's GDP by up to 1.1%. Beijing’s policymakers will finalize a response in December, with stimulus likely if trade tensions escalate.

Read more at: www.scmp.com