Around 2.2% of China's GDP is directly impacted by U.S. tariffs, according to a note from Nomura economists.
They estimate that the U.S. accounted for 14.7% of China's total goods exports in 2024, a figure that rises to 15.2% when including re-exports through Hong Kong, and to 20.6% when factoring in rerouted trade flows. After accounting for exemptions — with about 16.3% of exports not subject to reciprocal tariffs — the economists calculate that tariffs are directly hitting 2.2% of China’s GDP.
They also warn that the true economic impact could be larger, as the shock spills over into other areas, particularly the services sectors that support merchandise exports.
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Goldman Sachs says Trump tariffs could endanger 16 million export jobs in China This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about hidden damage trump tariffs threaten bigger blow to china s economy nomura warns was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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