Trade
Trump’s Ban of Trade Loophole Will Cut China Growth, Nomura Says
- Chinese reported $23 billion in package exports to US in 2024
- Nomura estimates the total might have been double that
An employee sorts express parcels at a distribution center in Jiangsu Province.
Photographer: Wang Li/VCG/Getty Images
This article is for subscribers only.
Supply Lines is a daily newsletter that tracks global trade. Sign up here.
The decision by President Donald Trump to ban Chinese companies from using a US tariff loophole will hit tens of billions of dollars of trade and reduce China’s economic growth this year, according to new estimates by economists at Nomura Holdings Inc.