The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.

The United States, with Donald Trump assuming the role of President, may impose tariffs of nearly 40% on imports from China next year, according to a recent poll of economists by Reuters.

Donald Trump has threatened new, higher tariffs on two of California’s biggest trade partners, China and Mexico. The state’s workers and economy could feel the most impact.

He thinks Trump is serious about his campaign promise to impose tariffs of 60% on all Chinese goods. American businesses are dusting off a playbook they used during Trump’s first term: stocking up on imported goods before tariffs are enacted.

Economists are expecting President-elect Trump to place tariffs of about 40 percent on Chinese imports, according to a survey from Reuters. In the survey of economists, 45 percent said the “level of tariffs imposed by Trump on Chinese goods” will be between 31 percent and 45 percent.

William Lee of the Milken Institute says that Chinese President Xi is laying the groundwork at the G20 meeting to prepare for the changes to global trade when Trump takes office.

Donald Trump to unleash nearly 40% tariffs on China in early 2025: Reuters poll | REUTERS US President-elect Donald Trump may impose 40% tariffs on Chinese imports in early 2025, potentially shrinking growth in the world's second-largest economy,

Trump, who is due to take office in January, pledged during campaigning to slap hefty tariffs on Chinese imports, causing unease in Beijing and heightening growth risks for China.

The United States, under President Donald Trump may put roughly 40% tariffs on Chinese imports early next year, a poll by news agency Reuters has revealed. According to the agency report, the tariff hike could cut growth in the second-largest economy in the world by as much as 1%.