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Trump may introduce 40% tariffs in 2025, which will hit the Chinese economy,
It is noted that Trump during the election campaign promised to impose high tariffs on Chinese imports.
The US could impose nearly 40% tariffs on imports from China early next year. Such a move could reduce the growth rate of the world's second-largest economy by up to 1 percentage point.
Reuters writes that Trump during the election campaign promised to impose high tariffs on Chinese imports, which caused concern in Beijing and increased risks for the Chinese economy.
Not only are the threatened tariff rates much higher than the 7.5%-25% levied during his first term, but the economy is also in a much more vulnerable position due to a prolonged real estate downturn, debt risks and weak …
