Hidden Forces The Economic Fallout from Trump’s China Tariffs | Shehzad Qazi
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Apr 21, 2025 
Shehzad Qazi, COO of China Beige Book and an expert on US-China trade relations, delves into the economic repercussions of Trump's tariffs on both nations. He reveals how these tariffs are reshaping markets, particularly affecting manufacturing and foreign companies in China. Qazi discusses China's plans to boost domestic consumption amidst challenges and critiques the US's fiscal strategies for re-industrialization. The conversation also explores the complexities of currency performance and the potential for a future trade deal.
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Initial Boost Then Slowdown in China
- Front-loading by companies initially boosted China's manufacturing and exports.
- This effect has faded, leading to a sequential slowdown in manufacturing.
Current Tariff Landscape Complex
- Current tariffs on China top at 145% with some categories like semiconductors at 20%.
- Tariff statuses are fluid with exemptions shifting goods between tariff categories.
Chinese Consumer Spending Challenges
- Chinese consumer spending has been weak due to COVID impacts and property market issues.
- Spending has recently improved but remains cautious and price-sensitive, hurting foreign brand sales.