Hui Shan, chief China economist of Goldman Sachs, says the implications for the macroeconomy are significant if Donald Trump wins the U.S. presidential election and imposes a 60% tariff on Chinese imports.
Trump presidency tariffs could be a ‘major downside growth risk’ for China, says Goldman Sachs
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After the economic and political damage Biden and Blinken did to America and its allies, Trump’s ascension to his 2nd presidency might see a reversal of Biden’s policies contrary to insane “same same” during his first presidency.
60% tariff is total decoupling
200% tariff pls
这你是低估了中国的工业制造能力和规模化成本😂，至少600%tariff才有可能拉平两国制造成本
American economic collapse is total decoupling you mean, lol
Yes that is what were waiting for
60% tariffs means completely decouple for China US though, also China might be kicked out of WTO, and Chinese stocks might be delisted in the US exchanges.
🤣🤣🤣 *Cope Harder*
🥲 my IQ
China won’t get kicked out of WTO. What it does mean is that Chinese products will enter US via third countries, and US consumers will see a rapid rise in prices, while US companies will lose market share all over the world. Additionally since China can’t export to US directly it will not use US dollar as a trading currency or need it for reserve.
US will leave WTO you mean, lol
are you ‘ fk ‘ me!
the tariff will not hurt china as much as it will hurt us!
dont forget china already stop sell raw material to us for chip making! thats not the only thing… they also slow down to buy stuff from us!
should i keep going?
if trump become president again… he is digging a grave for us!
he has no clue on how to run a country!
America I just one country. China has a trade surplus with the rest of the world.
Indonesia 200% tariff; So much for ASEAN
China decoupling from US and EU market , moving to Global South.
How could a nation with 1.4 billion people and a GDP of $18 trillion have less growth potential than the USA with 340 million and $28 trillion GDP, and owes $33 trillion dollars in debt?
its delusional how the west are right? To further add to your point. Africa is set to add 3 billion more people to the end of the century and Asia is going to increase their population another 2.5 Billion, while the west go through a population decline China’s neighbouring countries have a 1.8 billion population and 31 Trillion Doller collective market that is growing 5-8% Anually. the ASEAN alone accounts for 12 trillion with an average annual growth of 5% collectively. Africa economy is growing 7-10% per year and soon by the end of the century will be a formidable continent in wealth. These are all markets that extremely friendly to china. And china practically gets free energy from russia becuase its so low in prices. Giving their manufacturing even more competitive edge than the US. Even if the collective west sanctioned, china now, it would still grow to become bigger than them collectively. As the old addage goes, China has always been the richest country on earth for a reason – its only a matter of time it reclaims its spot. SIMPLY PUT CHINA DOES NOT NEED THE WEST.
easy to answer: Innovation, The True innovation never occurred in China in the past 100s yrs.
65% of all stocks traded at the NYSE is owned by foreigners. Most Americans don’t have $400.00 in their savings account
60% tariffs means higher inflation for the US citizens
she is got to be a robot powered by AI
I see it differently: When Trump is the president 2024, it signals the global south will get onboard with China even more because they see America becomes unstable… Thus, market for China’s products elsewhere will increase to compensate for the loss of US market.
why is the host dressed as if he’s going to a cocktail party? is he a diversity hire or something?
China got many alternatives
like what?
@@johny-ql4wn What you think you’re the only one who wants stuff paid for by Chinese loans? lol
What you need to figure out is where is this alternative to China, considering China controls >60% all manufacturing on the planet.
Tariffs will send prices through roof in the US. Really bad idea.
if china has not figured out exports issues with america I would be surprised
Did they do an analysis like this about Xi? They should have written “Xi Jin-Pig will ruin Chinese economy.” 😅
Trump ❤
Yeah collapse of US economy will certainly be a drag on China’s growth, but why would China care?