Trump's threat to sharply increase tariffs would hit China's economy like a sucker punch lopezlinette
Chu says that business owners she talked to were looking at moving their operations to Vietnam or Burma. The currency continued to slide and sentiment was dark. To stabilize the economy the government stepped in with a package of credit easing and tax cuts that undid all of the tightening it had done since 2016,. The economy came back to life and the world was happy. Stocks rallied.
Analysts at Morgan Stanley told clients that the tariff increase is more likely now that they know the US and China are fighting over fundamental changes the Chinese economy. That isn't to say that tariffs were insignificant. As it stands there are 10% tariffs on $200 billion worth of goods and 25% on $50 billion worth of goods. According to analysts at Societe Generale the one-two tariff punch knocked 0.1-0.2 percentage points off China's real GDP growth since it went into effect
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