Republican presidential nominee Donald Trump has said he could impose a 60% tariff on Chinese imports if he returns to the White House, and a new analysis predicted it would drastically slow the world's second largest economy and send it to the brink of deflation.
Taking into account the effects of Trump's 2018 China tariffs, economists from UBS offered a simplified model of what a new round would do, assuming that China doesn’t retaliate, other countries don't match U.S. duties, and some trade is diverted elsewhere.
