Trump presidency tariffs could be a 'major downside growth risk' for China, says Goldman Sachs
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- Опубликовано: 25 авг 2024
- Hui Shan, chief China economist of Goldman Sachs, says the implications for the macroeconomy are significant if Donald Trump wins the U.S. presidential election and imposes a 60% tariff on Chinese imports.
How could a nation with 1.4 billion people and a GDP of $18 trillion have less growth potential than the USA with 340 million and $28 trillion GDP, and owes $33 trillion dollars in debt?
its delusional how the west are right? To further add to your point. Africa is set to add 3 billion more people to the end of the century and Asia is going to increase their population another 2.5 Billion, while the west go through a population decline China's neighbouring countries have a 1.8 billion population and 31 Trillion Doller collective market that is growing 5-8% Anually. the ASEAN alone accounts for 12 trillion with an average annual growth of 5% collectively. Africa economy is growing 7-10% per year and soon by the end of the century will be a formidable continent in wealth. These are all markets that extremely friendly to china. And china practically gets free energy from russia becuase its so low in prices. Giving their manufacturing even more competitive edge than the US. Even if the collective west sanctioned, china now, it would still grow to become bigger than them collectively. As the old addage goes, China has always been the richest country on earth for a reason - its only a matter of time it reclaims its spot. SIMPLY PUT CHINA DOES NOT NEED THE WEST.
easy to answer: Innovation, The True innovation never occurred in China in the past 100s yrs.
65% of all stocks traded at the NYSE is owned by foreigners. Most Americans don't have $400.00 in their savings account
$35 TRILLION DEFICIT... BUT, TOTAL USA DEBT (CONSUMERS, CORP, STATE, FEDERAL) IS $85 TRILLION!
Sshh don't upset their new Arabian associates
Tariffs will send prices through roof in the US. Really bad idea.
🤣🤣60% tariff....WHOS PAYING FOR IT? USA CONSUMERS WILL when REAL INFLATION IS AT 15%.
This would only matter if USA manufactures didn’t set up. I’m for it. Focus all in on America. Tariffs all the way!
@@seymorefact4333 Don't worry, US consumers always have the option of "$0 buy".
Only if you buy Made in ,,(Predator) China. The Uniparty already instructed the citizens only buy locals in 2025.. You know what they're up to
60% tariff is total decoupling
200% tariff pls
这你是低估了中国的工业制造能力和规模化成本😂，至少600%tariff才有可能拉平两国制造成本
American economic collapse is total decoupling you mean, lol
🤣🤣60% tariff....WHOS PAYING FOR IT? USA CONSUMERS WILL when REAL INFLATION IS AT 15%.
60% tariffs means higher inflation for the US citizens
when he put 40% tarrif in 2019 onwards, china rise at 8% 7% 8% , while US one is negative 15% 19% 82%, with 2000000000000000000000% infla
🤣🤣60% tariff....WHOS PAYING FOR IT? USA CONSUMERS WILL when REAL INFLATION IS AT 15%.
Indonesia 200% tariff; So much for ASEAN
she is got to be a robot powered by AI
why is the host dressed as if he's going to a cocktail party? is he a diversity hire or something?
60% tariffs means completely decouple for China US though, also China might be kicked out of WTO, and Chinese stocks might be delisted in the US exchanges.
🤣🤣🤣 *Cope Harder*
🥲 my IQ
China won’t get kicked out of WTO. What it does mean is that Chinese products will enter US via third countries, and US consumers will see a rapid rise in prices, while US companies will lose market share all over the world. Additionally since China can’t export to US directly it will not use US dollar as a trading currency or need it for reserve.
US will leave WTO you mean, lol
lol WTO does never even listen to US, also there is pretty much no chinese stock in US
if china has not figured out exports issues with america I would be surprised
🤣🤣60% tariff....WHOS PAYING FOR IT? USA CONSUMERS WILL when REAL INFLATION IS AT 15%.
Did they do an analysis like this about Xi? They should have written "Xi Jin-Pig will ruin Chinese economy." 😅
Yes that is what were waiting for
Trump ❤
China decoupling from US and EU market , moving to Global South.
@@BrandyHeng007 nice
The world should decouple from Chinese manufacturing dumping too
Fair is fair
China got many alternatives
like what?
@@johny-ql4wn What you think you're the only one who wants stuff paid for by Chinese loans? lol
What you need to figure out is where is this alternative to China, considering China controls >60% all manufacturing on the planet.
@@johny-ql4wn like everything, US is not even within top 8 trade destination of china now
@@johny-ql4wn like everything, US is not even top 8 trading partner of china
@@xinyiquan666Those other partners will try to protect domestic markets to stop influx of Chinese goods.
Brazil & Thailand already started with electric vehicles.
Europe will likely levy Tariffs as well.