Trump's tariffs seen as far worse shock to China than first trade war

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Trump's tariffs seen as far worse shock to China than first trade war - Business Standard

Quick Summary:

Analysts had flagged such a move as a likely response from the People’s Bank of China to massive tariff hikes.

The trade standoff may wallop the economy just as its performance was steading in the beginning of 2025, with little sign of damage from tariff increases so far.

The recovery momentum has led at least seven international banks including Morgan Stanley and Citigroup to upgrade their forecasts to China’s 2025 GDP growth over the past month.