{
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us tariff hikes on canada mexico and china to impact gdp growth

US President Donald Trump has announced a 25% tariff increase on imports from Canada and Mexico, alongside a 10% hike on Chinese imports. UBS estimates this could reduce US GDP growth by approximately 0.8 percentage points, while maintaining a 4% GDP growth forecast for China through 2025, despite potential future tariffs.
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Finance & Economy, Market Report
04:24 03.02.2025

ubs cuts china gdp growth forecast amid us tariff concerns

UBS has revised its 2025 GDP growth forecast for China to around 4%, down from 4.5%, citing potential US tariffs under President-elect Trump and ongoing weakness in the property market. Other banks like Goldman Sachs and HSBC maintain slightly more optimistic projections between 4% and 5%. As external pressures mount, China is expected to enhance domestic demand through stimulus measures, although concrete actions have yet to be implemented.
South China Morning Post
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TradFi, Market Report
10:30 11.11.2024
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