Renewed US trade war threatens China's 'lifeline'

Quick Summary:

Despite a historic high in exports in 2024, anticipated trade retaliations could impact growth, necessitating strong domestic policy support to stimulate demand.

APThe increase -- already the lowest in decades, apart from the Covid-19 pandemic -- was helped by a record-setting year for Chinese exports.

China might not be able to rely on trade to steer it out of trouble as blistering tariffs being considered by US President-elect Donald Trump threaten an already struggling economy.

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Article Details

Author / Journalist: AFP

Category: Business

Markets: IndiaChinaGermanyJapanUnited StatesVietnam

Topics: US China US-China trade war China economy growth Donald Trump tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 09:48:23 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1215 words

Reading Time: 7 minutes read

Sentences: 30 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 25172847

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

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Year Established: 1961

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News Last Updated: 1 days ago

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