UBP: Import tariffs on US$450 billion of Chinese goods could cut growth by 1%

22 June 2018 | 2 minutes read

While the first tariffs imposed by the US on Chinese imports had arguably little impact on growth, the potentially expanded list covering US$450 billion of goods could reduce China’s GDP growth by a full percentage point. “The good news is that we think China has sufficient ammunition to limit and cut the downside risks, and they are likely to implement…

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