Trump plans steep tariffs on Chinese imports if re-elected
Donald Trump has announced plans to impose over 60% tariffs on all Chinese imports if he returns to the presidency. He also aims to revoke China's most favored nation trading status, which could significantly impact China's economy.
This potential shift follows Trump's first term, which initiated a trade war with China and prompted companies to relocate supply chains to Southeast Asia and India. Concerns have also risen among U.S. allies regarding security commitments to Taiwan, South Korea, and Japan.
Analysts warn that such tariffs could severely strain U.S.-China trade relations. A 60% tariff could reduce China's GDP growth by 2.4 percentage points if trade cannot be redirected through other countries.