US president-elect Donald trump will probably seek an average of 20 per cent tariffs on most China imports, according to the chief economist of Goldman Sachs, reports Hong Kong's South China Morning Post.
Speaking at the Atlantic Council in Washington, Jan Hatzius of the investment bank added that levies might rise to 60 per cent on a limited number of key capital goods, like solar panels, steel and aluminium.
Mr Hatzius noted that China would have a wide range of responses available, should the world's two largest economies intensify their trade war during Trump's second administration.
President Trump, who is to take office on January 20, had also threatened tariffs of 100 to 200 per cent on Chinese-made electric vehicles, a measure he said could return jobs and manufacturing back to America.
SeaNews Turkey
Speaking at the Atlantic Council in Washington, Jan Hatzius of the investment bank added that levies might rise to 60 per cent on a limited number of key capital goods, like solar panels, steel and aluminium.
Mr Hatzius noted that China would have a wide range of responses available, should the world's two largest economies intensify their trade war during Trump's second administration.
President Trump, who is to take office on January 20, had also threatened tariffs of 100 to 200 per cent on Chinese-made electric vehicles, a measure he said could return jobs and manufacturing back to America.
SeaNews Turkey
