Why China doubles down on growth measures amid rising U.S. tariffs

Why China doubles down on growth measures amid rising U.S. tariffs



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U.S. President Donald Trump on Wednesday announced that the United States has established a “minimum baseline tariff” of 10 percent on practically all imported goods, plus even higher rates on certain trading partners, including China, the European Union, Vietnam, Japan, India, South Korea and Thailand. So far, the announcement has drawn defiant responses from leaders and governments around the world. What does this sweeping tariff policy mean for global trade stability and economic growth? CGTN’s Tian Wei asked Alfred Schipke, the director of the East Asian Institute at the National University of Singapore.

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