Global trade outlook now hinges on China's response to Trump tariffs

SINGAPORE (Mar 6): All eyes are on China as Beijing weighs its response to the US’ imposition of hefty tariffs on steel and aluminium imports. And in the balance lies the possibility of an all-out trade war.

This comes after US President Donald Trump last week announced plans for import tariffs of 25% on steel products and 10% on aluminium products.

To be sure, the tariffs are unlikely to cause China many sleepless nights. The Asian giant is not among the top 10 sources of steel and aluminium imports into the US, and the direct impact of the tariffs is estimated to amount to less than 0.1% of its GDP.

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