ADB: Trump policies likely to impact China, PHL in 2027

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The story "ADB: Trump policies likely to impact China, PHL in 2027" was covered 18 hours ago by Business Mirror, a news publisher based in Philippines.

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ADB: Trump policies likely to impact China, PHL in 2027 - Business Mirror

Quick Summary:

THE policies of the incoming Trump administration, particularly those on trade, will likely impact China and developing countries in Asia like the Philippines beginning in 2027, according to the Asian Development Bank (ADB).

The growth of the US economy will also see a decline of 0.7 percentage points, the second largest decline after China, due to Trump policies.

Based on the December Asian Development Outlook (ADO), ADB said Trump’s policies could impact China’s economy the most, causing it to slow by 1.2 percentage points over 2025–2028 or 0.3 percentage points per year.