China, Donald Trump and GDP growth
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37mon MSN
American companies in China are reporting record-low investment plans and declining confidence in profits this year. A survey by the U.S.
Analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.
Less than half of Trump 2024 voters, 46%, said they would support tariffs on China — one of America’s biggest trading partners — even if they lead to rising prices domestically. Around a third, 32%, said they would only support tariffs if they do not increase prices.
External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.
China’s economy slowed in the second quarter even as it topped market forecast in a show of resilience against U.S. tariffs, though analysts warn of underlying weakness and rising risks that will ramp up pressure on Beijing to roll out more stimulus.
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China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers.
The operators of Chicago-area companies that make such goods as kitchen and organizational products say higher tariffs on Chinese imports is threatening the survival of their businesses.
Industry group president, in interview with Post, calls for talks to address issues beyond tariffs, export controls.