Trump tariffs may backfire, hitting U.S. GDP by 1%: Nikkei Asia

Tariffs proposed by U.S. President-elect Donald Trump would drag down the nation’s GDP by 1.1 p.c in 2027, as greater prices for irreplaceable Chinese imports may probably backfire on the U.S. economic system, in accordance with Nikkei Asia.

Produced by Xinhua Global Service