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How will China respond to US's proposed 10% tariff by March 2025?
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Resolution / Starting Odds
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action • 25%
Other • 25%
Official announcements from the Chinese government or trade organizations
Story
Trump Plans 25% Tariffs on Mexico, Canada, 10% on China
Nov 26, 2024, 05:44 AM
President-elect Donald Trump has announced plans to impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, effective from his first day in office. These measures are intended to address illegal immigration and the trade of illicit drugs. China has responded by stating that economic and trade cooperation between China and the US is mutually beneficial, and warned that no one will win a trade war or a tariff war. The Chinese Embassy in Washington emphasized this stance, noting that both nations have resumed regular communication on counternarcotics since the San Francisco Summit.
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Implement retaliatory tariffs • 25%
Negotiate with the US • 25%
No official response • 25%
Other actions • 25%
Retaliatory tariffs • 25%
Negotiations for trade agreements • 25%
No response • 25%
Other economic measures • 25%
Imposes retaliatory tariffs • 25%
Seeks negotiation • 25%
Takes no action • 25%
Other significant action • 25%
Retaliatory tariffs on U.S. goods • 25%
Negotiation with the U.S. • 25%
No significant response • 25%
Other measures • 25%
Increase tariffs on US goods • 25%
Negotiate trade agreements • 25%
Introduce non-tariff barriers • 25%
No significant policy change • 25%
Retaliatory tariffs imposed • 25%
Diplomatic negotiations initiated • 25%
No significant response • 25%
Other response • 25%
Relocate production • 25%
Absorb costs • 25%
Increase prices • 25%
Other • 25%
Currency Devaluation • 25%
Tariff Retaliation • 25%
Negotiations • 25%
Other Economic Measures • 25%
Yes • 50%
No • 50%
Impose retaliatory tariffs • 25%
Seek diplomatic negotiations • 25%
No significant response • 25%
Other • 25%