Trump's Tariffs Could Deliver a Sizable Hit to China's Growth

Trump's Tariffs Could Deliver a Sizable Hit to China's Growth

Assessment

Interactive Video

Business

University

Hard

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The video discusses the potential impact of proposed tariffs by the Trump administration, which could significantly affect global economic growth. Economists predict a possible reduction in growth by up to half a percentage point, depending on the scale and nature of the tariffs. The discussion then shifts to China's response, highlighting the country's readiness to use monetary and fiscal measures to mitigate the impact. China's Central Bank, led by Igang, is prepared to support the economy, and there are options for public spending and shifting production to counteract the trade war.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Central Bank plan to support the economy in response to tariffs?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some retaliatory measures that China can implement in a trade war?

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