Trump’s tariffs unlikely to reach 60%, boosting Hong Kong, China stock markets: analysts

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Trump’s tariffs unlikely to reach 60%, boosting Hong Kong, China stock markets: analysts - SCMP

Quick Summary:

Analysts from Pictet and BNP Paribas expect US tariffs on Chinese goods to reach 20 per cent and 25 per cent, respectively.

The bank estimated China’s exports to the US are likely to fall by about 14 per cent year on year, knocking off about 2 percentage points from China’s overall export growth.

There is “great uncertainty over the timing, pace and magnitude of tariff positions from the US side”, she said.