Trump’s tariffs promised trouble for China, though Goldman Sachs notes growth of 4.5%
China is outgrowing the United States and improving its deficits despite predictions of severe economic trouble under tariffs introduced by President Donald Trump. Goldman Sachs analyst Hui Shan noted over the weekend that China recorded a third-quarter real GDP growth rate of 4.5% year on year. This performance narrowly surpassed the consensus expectation of 4.4%. While President Trump declared that tariffs are making the United States much richer, economists point out potential unintended consequences and high costs for American consumers and markets.
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- ✓ China's Q3 real GDP grew 4.5% year on year, slightly above the consensus expectation of 4.4%, according to Goldman Sachs analyst Hui Shan.
What changed
Goldman Sachs reported that China achieved a third-quarter real GDP growth rate of 4.5% year on year.
Live updates
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China Economy Outpaces US Despite Tariffs, Goldman Sachs Notes
China is outgrowing the United States and improving its deficits despite predictions of severe economic trouble under tariffs introduced by President Donald Trump. Goldman Sachs analyst Hui Shan noted over the weekend that China recorded a third-quarter real GDP growth rate of 4.5% year on year. This performance narrowly surpassed the consensus expectation of 4.4%. While President Trump declared that tariffs are making the United States much richer, economists point out potential unintended consequences and high costs for American consumers and markets.
Why it matters
President Trump announced his tariff plan 18 months ago with the explicit intent of targeting China. Tariff policies face ongoing scrutiny regarding their legal status, Supreme Court questions, and Section 301 and 232 notices. Meanwhile, the broader U.S. Federal Reserve policy holds interest rates unchanged while other regions face inflation pressures and potential rate hikes.
What is confirmed
- China's Q3 real GDP grew 4.5% year on year, slightly above the consensus expectation of 4.4%, according to Goldman Sachs analyst Hui Shan.
Still unconfirmed
- Opinions suggest that while China can manipulate statistics, it cannot fool markets forever.
What to watch next
- Updates on U.S. tariff legal status and Supreme Court tariff questions
- Federal Register sources regarding Section 301 and 232 notices
confidence 95%Sources used for this update (12)
- tariffschart.com — Current US Tariffs Today — Trump Tariffs, Supreme Court, Section 301/ ...
- Fortune — Trump said China was headed for ‘big trouble’—instead, its economy is growing faster than the U.S. and its deficits are moving in the right direction
- The Washington Post — Opinion | China can manipulate statistics. It can’t fool markets forever.
- News Decoder — Decoder: How economically powerful is China?
- tradingeconomics.com — China GDP Growth Annual News 491196 - TRADING ECONOMICS
- www.abc.net.au — Markets live: US staring down December and March rate hikes as Fed leaves rates on hold
- fortune.com — Trump said China was headed for ‘big trouble.’ Instead, its ...
- finance.yahoo.com — China's economy is outpacing the US despite Trump's tariffs ...
- www.europesays.com — Trump's tariff promised trouble for China, though Goldman ...
- www.cfr.org — The Surprising Staying Power of Trump’s Tariffs | Council on ...
- internationalsocialism.net — The trouble with Trump’s tariffs – International Socialism ...
- www.fool.com — President Donald Trump Claims, "Tariffs Are Making Us Much ...
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