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2025 m. liepos 16 d., trečiadienis

Bad News for the West – the Horse Left the Barn: China’s Economy Grows Despite Tariffs


“China’s economy grew in the face of Trump’s tariffs.

 

China’s economy grew at a steady pace this spring, according to official figures, despite President Trump’s steep tariffs.

 

Part of China’s resilience rests in investments in factories and big projects like high-speed rail lines and a continual flood of global exports [1].

 

The economy also got a boost, as buyers, anticipating tariffs, ramped up their orders in the first three months of the year.

 

If China’s current pace of growth continues, the country’s economy will expand at an annual rate of about 4.1 percent — only slightly slower than the growth in the first three months of this year.

 

The report on China’s gross domestic product was released as the U.S. took stock of the latest inflation figures, which showed that Trump’s tariffs were starting to push up prices. Prices of the products most exposed to tariffs, like household furnishings, jumped significantly in June.” [2]

 

1. Global is a key word here. The globe is much bigger than the U.S.

 

2. Bad News for the West – the Horse Left the Barn: China’s Economy Grows Despite Tariffs. Porter, Justin.  New York Times (Online) New York Times Company. Jul 16, 2025.

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