Increase in US tariffs on Chinese products gradually up to 20% predict bank analysts

An increase in American products by up to 20% predict bank analysts, according to Bloomberg. Analyse Goldman Sachs economist Alec Phillips, regarding Trump’s announcements on customs duties in a note to the customers of the American bank, maintains the basic scenario of increasing the duty on China’s products by around 20 percentage points on the duties on Chinese imports. But Phillips and his colleagues reduced the odds of this to 70% out of 90%. In Citigroup, Xiangrong Yu wrote today (21.1.25) that he and his team have maintained their basic scenario of an increased 15 percentage points of actual US duty rate in China, but gradually.