He thinks Trump is serious about his campaign promise to impose tariffs of 60% on all Chinese goods. American businesses are dusting off a playbook they used during Trump’s first term: stocking up on imported goods before tariffs are enacted.

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.

Tariffs could raise prices on clothing, toys, furniture, appliances, footwear and travel goods, particularly items where China is a major supplier.

Goldman Sachs predicts additional tariffs on China, but sees domestic challenges as the bigger issue. Read more here.

With his nomination of China hardliner Marco Rubio for secretary of state, U.S. President-elect Donald Trump has signaled his policy toward Beijing could go beyond tariffs and trade to a more hawkish stance on China as the United States' main strategic rival.

The poll also predicts that the President-elect will resist starting off with blanket 60% tariffs on Chinese goods

William Lee of the Milken Institute says that Chinese President Xi is laying the groundwork at the G20 meeting to prepare for the changes to global trade when Trump takes office.

Donald Trump to unleash nearly 40% tariffs on China in early 2025: Reuters poll | REUTERS US President-elect Donald Trump may impose 40% tariffs on Chinese imports in early 2025, potentially shrinking growth in the world's second-largest economy,

Trump, who is due to take office in January, pledged during campaigning to slap hefty tariffs on Chinese imports, causing unease in Beijing and heightening growth risks for China.

The United States, under President Donald Trump may put roughly 40% tariffs on Chinese imports early next year, a poll by news agency Reuters has revealed. According to the agency report, the tariff hike could cut growth in the second-largest economy in the world by as much as 1%.