China: Rethinking Tariff Risks and Macro Implications
Date: 11 April
New US and global tariffs in isolation are unequivocally negative for China’s growth outlook. Beijing’s policy toolkit in response to sustained tariff risks is also much bigger this time around, creating an additional source of uncertainty to the outlook. We dive into our recent forecast changes in light of new sweeping US tariffs, the range of possible retaliatory responses from China to ongoing trade tensions, and the delicate balancing act between managing strategic interests and domestic economic headwinds.
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