(Washington/Beijing Comprehensive News) The latest study of UBS Group shows that if the United States levies 60%of new tariffs on all Chinese goods in the United States, it will lead to a decrease in China's economic growth rate by more than half.
According to Bloomberg, former US President Trump reported earlier this year that he would consider .UBS Economist issued a report on Monday (July 15) saying that if the above situation occurs, China's GDP next year (GDP) will decrease by 2.5 percentage points, highlighting that once Trump's re -entering White House will constitute the composition of Beijing to Beijingrisks of.
China GDP increased by 5.2% last year, and strives to achieve a growth of about 5%this year.
UBS predicts that China's economy will increase by 4.6%in 2025 and will increase by 4.2%in 2026. However, if the United States impose tariffs, even if China takes stimulus measures to offset the influence, the economic growth in the past two years will drop to 3%.
UBS's forecast is based on the following assumptions: some trade passes through the third country transfer, China will not take revenge measures, and other countries will not impose tariffs on Chinese products with the United States.
UBS economists say that the tariffs are dragging on China's economic growth, and half of the exports are declining, and the rest comes from the crackdown on consumption and investment.
