The United States is planning to impose nearly 40% tariffs on imports from China in early 2025, which could potentially lead to a 1 percentage point reduction in China"s economic growth.
The increase in tariffs is part of Donald Trump"s trade strategy, known as "America First," and has raised concerns in Beijing.
The Chinese economy is already facing challenges such as a property downturn, rising debt risks, and weak domestic demand.
The anticipated tariff rates are much higher than those imposed during Trump"s first term, indicating a more aggressive trade stance going forward.