💨 Abstract

Chinese exporters are struggling due to US tariffs as they face steep levies on goods exported to Vietnam, Thailand, and other countries. Trump's tariff hikes on Chinese goods, designed to reduce the US trade deficit, are affecting global demand and could slash Chinese exports by 30%. This could shrink overall exports by more than 4.5% and slow economic growth by 1.3 percentage points.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖