US-China Trade to 'Plummet' if High Tariffs Remain, Goldman's Shan Says
Chinese policymakers are "calibrating the situation" and weighing their options for responding to the latest US tariffs, Goldman Sachs' Hui Shan tells Bloomberg TV. While the potential hit to the economy could be as high as 3% of China's GDP, Shan says it is "plausible" that China could still offset the immediate impact on its US exports by relying on other markets.
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