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New Trade War Threatens to Slash China's GDP Growth by 2% Amid Rising Tensions

New Trade War Threatens to Slash China's GDP Growth by 2% Amid Rising Tensions
7 months ago

The ongoing tensions between the United States and China have intensified, with economists predicting that a renewed trade war could significantly impact China's GDP growth. Recent analyses suggest that potential escalations in trade tariffs could lead to a staggering reduction of up to 2 percentage points in the growth of the Chinese economy.

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