China Economics_ Tariffs Prolong Deflation

February 28, 2025 09:36 AM GMT China Economics | Asia Pacific Tariffs Prolong Deflation Potential for the US to add another 10% tariff on China on March 4, a narrow pathway to US-China tariff de-escalation, and a modest March NPC fiscal package would likely see deflationary pressures persist. We expect a below-consensus, sub-4% nominal GDP growth from 2Q onwards. Tariff risks are back in focus: US President Trump yesterday said the US would impose another 10% broad tariff on China by March 4 on fentanyl iss ...