The U.S. is poised to impose nearly 40% tariffs on Chinese imports in early 2025 under President-elect Donald Trump’s trade policy, according to a Reuters poll of economists. These tariffs, higher than those during his first term, could slash China’s 2025 GDP growth by up to 1 percentage point. Economists foresee a median tariff rate of 38%, with projections ranging from 15%-60%. Analysts predict China will ramp up domestic stimulus to offset the impact, yet challenges like weak demand and property sector woes persist. Exports, a key growth driver, face heightened risks amid these escalating trade tensions.
