"'High Tariffs' Trump 2.0 Is a Paper Tiger, Says Chinese Expert"

As the era of 'Trump 2.0' approaches, with President-elect Donald Trump mentioning the imposition of high tariffs on China and others, some Chinese economic experts predict that such attempts will amount to little more than a 'paper tiger,' according to a report by the Chinese state-run Shanghai Securities News on the 6th.

According to the report, Xing Zichang, Chief Economist for China at Morgan Stanley, attended the 2025 China Chief Economists Forum Annual Meeting held in Shanghai on the 4th and 5th, stating, "Trump's remarks on tariff increases are arrogant, but in reality, they may be gradually and relatively eased."

Economist Xing pointed to the current U.S. economic situation, which differs from that during Trump's first administration, as the reason. Due to the current high inflation rate and fiscal deficit in the U.S., it will be difficult for President-elect Trump to fully implement the three main policies of ▲tariff increases ▲tax cuts ▲immigration control.

Additionally, Economist Xing explained that Chinese companies have gained experience in coping with tariff burdens since Trump's first administration. Meanwhile, China's export industries have become more diversified, and export markets have expanded. As a result, Economist Xing's analysis suggests that the impact of tariff increases by the Trump administration on Chinese exports will not be as significant as before.

This content was produced with the assistance of AI translation services.