US Tariff Abuse May Cost $1 Trillion in Growth
Aggressive US tariff steps may cut real GDP by 3.8%—around $1.07 trillion—while squeezing businesses and consumers and undermining long-term growth.
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Aggressive US tariff steps may cut real GDP by 3.8%—around $1.07 trillion—while squeezing businesses and consumers and undermining long-term growth.
Beijing to host the Global Trade and Investment Promotion Summit 2025 on May 22, focusing on digital and intelligent era for shared development.
Deputy head Zhao Chenxin says the Chinese mainland is on track to meet its 2025 economic and social development goals thanks to ample policy reserves.
The Chinese mainland issued 1.78M trade certificates in Q1, up 14.9% yoy; preferential CoO rose 42.7% and RCEP origin certificates climbed 27%.
China expects a 27% surge in daily cross-border travel—2.15 million crossings per day—during the five-day May Day holiday, with airports and checkpoints on high alert.
The Chinese mainland will roll out measures to stabilize employment and economic performance, aiming for high-quality development, NDRC Deputy Zhao Chenxin says.
The Chinese mainland’s Ningbo-Zhoushan Port is set to receive 40 vessels of Brazilian soybeans in April, a 48% rise year-on-year, as China diversifies from U.S. suppliers.
Iowa farmers, facing U.S. tariffs and unpredictable weather, warn of reduced soybean planting. With 40% exports to the Chinese mainland, they urge swift action for stability.
China has unveiled the draft of its first-ever environmental code, featuring 1,188 articles on pollution control, ecological protection and green development.
Foreign passenger traffic on the HK-Zhuhai-Macao Bridge jumped 70%, driven by visa-free access and direct highway links to Hong Kong International Airport, reshaping regional connectivity.