Greater China. Fri Feb 07 2025
China Securities·2025-02-12 02:01
Haibin Zhu (852) 2800-7039 haibin.zhu@jpmorgan.com JPMorgan Chase Bank, N.A., Hong Kong Branch Grace Ng (852) 2800-7002 grace.h.ng@jpmorgan.com Tingting Ge (852) 2800-0143 tingting.ge@jpmorgan.com Greater China The baseline assumption in our 2025 outlook released last November was that the U.S. would increase tariffs on China from 20% to 60% in 1H (announced in 1Q and effective in 2Q); tariffs would increase for China's transshipments via Vietnam and Malaysia; but there would be no tariff increases elsewher ...