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Tariffs won’t derail China’s economy: J. Safra Sarasin

Trade tensions with the US will not derail China’s economy, as the country could ultimately isolate itself as a protective measure in order to avoid external turmoil, J. Safra Sarasin says. “A quick back-of-the-envelope calculation shows that the tariffs equate to about 10% of China’s trade surplus with the US. [This is] roughly equivalent to 0.4% of GDP,” the bank…

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