What would a second Trump presidency mean for China? Goldman Sachs weighs in
Publishing timestamp: 2024-07-17 22:36:31
Summary
If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could pose a major downside growth risk to China, according to Goldman Sachs. However, some analysts believe China is more likely to have positive trade outcomes under a Trump presidency due to his transactional nature. China's economy grew by 4.7% in the second quarter, missing expectations, prompting calls for more stimulus. Despite potential risks, not all analysts believe a Trump presidency would be detrimental to China.
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Source: https://www.cnbc.com/2024/07/18/goldman-sachs-on-what-a-second-trump-presidency-means-for-china.html