US President Trump imposed fresh tariffs on Chinese imports, China to retaliate

This morning, US President Trump decided to impose an import tariff on about US$ 200 bn of Chinese imports. In a first period, tariffs of 10% will come into effect on September 24, 2018 until year end. They will rise to 25% on January 1, 2019. This measure is intended to allow US companies to adjust their supply chains to other countries (if possible).

Highlights:

  • US President Trump imposed fresh tariffs on Chinese imports worth US$ 200 bn.
  • he tariffs will come in two steps: a 10% tariff by Sep. 24, 2018, a 25% tariff on Jan 1, 2019.
  • China announced to retaliate, but the exact measures are not known yet.
  • China will calibrate its fiscal policy to protect its growth targets. However, this is unlikely to involve a big bang policy package.

Download the full publication below

US PRESIDENT TRUMP IMPOSED FRESH TARIFFS ON CHINESE IMPORTS, CHINA TO RETALIATE

RELATED INSIGHTS

GLOBAL VIEW – ENJOY SUMMER WHILE IT LASTS
As lockdowns have been lifted and global activity rebounded from the Q2 nadir, hopes of a strong recovery have helped risk assets advance further over July.
Generali Investments among preferred asset managers brands in Europe
Listen to the dedicated Podcast by Vincent Chaigneau, Head of Research, on our view on the economic recovery, new behaviours in the aftermath of the pandemic and the unique opportunities for a European fiscal and political integration.
PODCAST:
LIFE AFTER COVID -
THE LDI VIEW
Listen to the dedicated Podcast by Vincent Chaigneau, Head of Research, on our view on the economic recovery, new behaviours in the aftermath of the pandemic and the unique opportunities for a European fiscal and political integration.