#China

Trade balance: $ 103.22B. Forecast: $ 101.10B

Global Economic Outlook 2025: A Widespread Growth Slowdown | Morgan Stanley

Discover why Morgan Stanley Research forecasts global growth to weaken to 2.9% in 2025 (2.5% 4Q/4Q) as the U.S. tariffs and deceleration weighs on the rest of the world.

Shanghai Futures Exchange offers overseas investors and brokers direct access to gold, silver contracts as China pushes for pricing power over commodities | Kitco News

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
New Loans (Apr) 280.0B Forecast 710.0B

The Great Tariff Shock: What's next for China and FX?

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Find breaking updates on the economy, markets, policy changes and geopolitical events along with insights from Merrill's Chief Investment Office (CIO).

US Tariffs: What’s the Impact? | J.P. Morgan Research

The situation surrounding U.S. tariffs is constantly evolving. Read the latest analysis of their economic impact from J.P. Morgan Research.
Chinese Industrial profit YTD (Mar) 0.8% Previous -0.3%
Fitch Ratings has launched the U.S. Effective Tariff Rate Monitor, an interactive tool designed to track and model the U.S. effective tariff rate (ETR), which currently stands at 22.8%. This marks a sharp increase from 2.3% earlier in 2025, prior to newly implemented tariff measures by the Trump administration.

The tool calculates the ETR by accounting for exclusions and carveouts such as those on oil, gas, copper, and pharmaceuticals. It also allows users to simulate scenarios by modifying tariff rates and import levels. For example, applying an additional 25% tariff on pharmaceuticals and electronics would raise the ETR to 27.2%.

Country-specific ETRs show the highest rate for China at 103.6%, with Japan, Mexico, Canada, and Germany each above 10.5%. If current trade levels persist, the U.S. is expected to collect about $748 billion in duties in 2025, equivalent to approximately 2.5% of GDP, although demand reductions due to higher prices may lower this amount.

Fitch warns that increased protectionism has impacted global economic prospects, prompting a downgrade of its 2025 world GDP growth forecast to 1.9% from 2.9% in 2024.

Access the tool and more information: [fitchratings.com](https://www.fitchratings.com)

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