China Holds Strong As Trade War Crescendos
2025-04-15 15:40:00 ET
Summary
- With Donald Trump set to implement a 145% tariff and China ready to 'fight to the end,' tariffs have spiralled to the endgame, becoming a test of endurance.
- China will be relying on stimulating domestic demand to help offset the shock and achieve 'around 5%' growth again.
- China’s hard economic data from the first two months of the year generally beat cautious market expectations.
By Lynn Song
Sharp tariff escalations quickly send Trade War 2.0 into full swing
President Trump shocked markets on 2 April with a stronger-than-anticipated “Liberation Day” tariff hike, which sparked a series of back-and-forth escalations and retaliations....
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