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>>ABN AMRO says that a substantial reduction in China‑U.S. tariffs could boost global trade.

ABN AMRO says that a substantial reduction in China‑U.S. tariffs could boost global trade.

crypthub

about 3 hours ago

Strategic Impact

Lower US tariffs on Chinese imports could revive global trade, ABN AMRO says. Cheaper Chinese goods would boost US imports, lift export volumes and cut consumer prices. The bank projects a 0.3‑0.5 pp lift in worldwide trade growth for 2025, prompting close monitoring by policymakers and firms.

Historical Context

Section 301 tariffs rose from about 3 % in early 2018 to over 21 % at their peak, covering billions of dollars of tech and industrial products. The 2020 Phase One deal halted further hikes but left most duties unchanged. Firms responded by moving sourcing to Vietnam, Mexico and other low‑cost regions, shrinking trade volumes and investment.

Sectoral and Global Outlook

Electronics, textiles and machinery would see the strongest gains, with consumer‑electronics prices falling within 3‑6 months and machinery costs easing over 6‑18 months. Lower barriers are expected to spark FDI, tech exchange, while strategic sectors such as semiconductors may remain excluded. Markets already price in possible easing, affecting currencies, commodities and logistics planning.