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China economic focus November 2024: impact of the potential Trump tariffs
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the December China economic focus, we discuss how the potential Trump tariff will impact the Chinese economy. Assuming an additional 60% tariff on all Chinese exports to the US, the implications for the energy transition supply chain, metals and energy demand will vary. The Chinese government will take measures to offset the negative impact. More aggressive domestic stimuli and renminbi depreciation will be the policy tools. The US’s additional tariffs will push China toward greater trade and investment integration elsewhere, especially with ASEAN and Latin America.
Table of contents
- Executive summary
- Expectation of tariff hike
- Tariff announcement and the impact on the energy and natural resource sector
- How will China react to US tariff hikes?
- Long-term impact on China’s trade and investment landscape
- Appendix
Tables and charts
This report includes the following images and tables:
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Trade flow between China and the USChina’s export destinationsWood Mackenzie's proprietary China data
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Manufacturing PMIIndustrial production and retail salesTradeInflationPropertyInvestmentMoney supply (M2)Required reserve ratio
What's included
This report contains:
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