First published: Economic Observatory, 22 May 2025
Following the April meeting of China’s politburo (the executive committee of the Communist Party of China) – just a couple of weeks after the United States and China had raised tariffs on one another to considerably more than 100% – the communiqué was surprisingly sanguine.
At tariff rates of 145% and 125% respectively, bilateral trade would almost certainly have collapsed in what was, in effect, more trade embargo than trade war, with damaging consequences for both sides. A week later…… read on https://www.economicsobservatory.com/how-is-chinas-economy-faring
