China Weighs Economic Measures After Trump’s Re-Election

In response to Donald Trump’s re-election, China may implement significant economic policies to buffer against the expected negative impacts on its economy. 

Predicted to face reduced growth due to Trump’s aggressive trade policies, including possible 60% tariffs on Chinese goods, China might strengthen its economic stance through fiscal and monetary stimulus measures.

Economists suggest that while Trump’s policies might slow China’s economic growth, the actual impact could be less severe due to the country’s potential countermeasures. Some predict a reduction in GDP growth by less than one percentage point each year, while a few expect a one to two-percentage-point drop.

More than half of the economists surveyed believe China might weaken the yuan in response to new US tariffs. Additionally, regarding retaliation, agricultural products are seen as the most likely target for Chinese tariffs.

For more information, read the full article on Bloomberg.