Trump Levies Would Hit Other Asia Economies Harder Than China's
- Bloomberg Economics says Malaysia and Hong Kong would suffer
- White House sends mixed signals about trade ties with Beijing
Assessing the Health of U.S.-China Trade Relations
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Other Asian economies would suffer more than China’s if Donald Trump does deliver on his threats to slap $150 billion of tariffs on shipments from the world’s biggest trading nation.
That’s according to Bloomberg economists Fielding Chen and Tom Orlik, who estimate that for every 10 percent drop in China’s exports, the gross domestic product growth rate of Asian economies would fall 1.1 percentage points on average. China’s would decrease by just 0.3 percentage point.