Trump's latest tariffs could drag China's growth to a 30-year low — but there's still 'no chance' it will agree to US demands
China has consistently grown by more than 6% for almost 30 years, but Trump's latest tariffs could break that trend. The duties could slow growth by up to 0.5 percentage points this year, according to a Bloomberg survey of 14 economists. Tariffs"pose some challenges to China's exports and economy," the country's foreign ministry has said. However, economists argue"there's no chance that President Xi will agree to US demands.
China has consistently grown by more than 6% for almost 30 years, but Trump's latest tariffs could break that trend. The duties could slow growth by up to 0.5 percentage points this year, according to a Bloomberg survey of 14 economists. Tariffs"pose some challenges to China's exports and economy," the country's foreign ministry has said. However, economists argue"there's no chance that President Xi will agree to US demands.
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