China's GDP growth may fall below 2% under Trump tariffs: report

President-elect's trade policies will also hurt the U.S., says JCER

20241218N China textile

A textile mill in China. Donald Trump's tariff threat hangs over Chinese exporters. © Reuters

KENTARO SHIOZAKI, Nikkei staff writer

BEIJING -- China's real economic growth could plunge below 2% by 2035 if U.S. President-elect Donald Trump imposes his proposed tariffs on Chinese imports, according to estimates released Wednesday.

In its latest medium-term outlook for Asian economies, the Japan Center for Economic Research (JCER) assumes that Trump administration will adhere to his pledge of slapping 60% additional tariffs on imported Chinese goods, and 10% tariffs against other economies.

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