Part 7/9:
The outlook for China’s trade in 2025 remains cloudy, primarily due to potential tariffs imposed by the United States. While a significant tariff on all Chinese goods has been hinted at, the actual economic repercussions would depend on both the implementation and response from China. Measures taken could include currency depreciation and retaliatory tariffs.
Though the Rhodium Group posits that China’s trading surplus might still yield positive growth contributions, external factors will invariably affect this dynamic. Continued industrial overcapacity and a depreciating Renminbi could further sensitive relations with global trading partners.