Zhang Ming, deputy director of the Financial Research Institute of the Chinese Academy of Social Sciences, anticipates that a new round of tariffs may occur at the transition from the second to the third quarter of this year. The Trump administration may impose tariffs of 10 to 20% on all goods imported from China or choose specific sectors to increase tariffs directly to 60%. Subsequently, the Trump administration will assess the impact of this round of tariff policies on the import costs for the USA, inflation, and the living standards of low- to middle-income families, and then decide on the next steps based on China's reaction.
社科院张明：特朗普关税不会一蹴而就，2025年中国面临的出口增速压力依然可控
Zhang Ming from the Chinese Academy of Social Sciences: The tariffs imposed by Trump will not be immediate, and the pressure on export growth that China will face in 2025 is still manageable.
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