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Tariff impact on China's economy to be 'apparent' from August

CNBC · Recent
CNBC
CNBC
Recent

Qin Yong of Sumitomo Mitsui Banking Corporation (China) says there could be a significant slowdown of China's GDP growth in the second half of 2025, and that there could be some "very worrying" scenarios if a trade agreement with the US isn't reached.

Breakdown
  • China's GDP growth in the first half of the year exceeded the annual target. 16s
  • Analysts predict a significant slowdown in China's economic growth in the third and fourth quarters. 53s
  • The US-China trade truce is still under negotiation, with uncertainty over tariff exemptions. 1m 43s
  • If no agreement is reached, tariffs up to 43 percent could become a de facto regime. 3m 52s
  • The impact of tariffs on China's economy is expected to become apparent from August. 4m 19s
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.