China state media critiques Trump's tariff plans and focuses on fentanyl issue
China's state media reacted to President-elect Donald Trump's plan to impose additional tariffs on Chinese goods, focusing on his claims about fentanyl. They criticized Trump for blaming China for the U.S. drug crisis, stating the root cause lies within the U.S. Trump announced a potential 10% tariff on Chinese imports, with previous threats of tariffs exceeding 60%. This has raised concerns in China, where exports to the U.S. are significant, worth over $400 billion annually. Economists have adjusted their growth forecasts for China's economy, predicting lower growth rates for 2025 and 2026 due to the tariff threats. S&P Global has reduced its projections by up to 0.7 percentage points.