0827 GMT - A significant reduction in reciprocal tariffs should alleviate export pressure on China-U.S. trade, HSBC Global Research analysts write in a note. HSBC estimates the trade-weighted tariff rate to be lowered to around 50%. Meanwhile, to counter trade uncertainties, China's exporters are actively diversifying both domestically and abroad. As external pressures have temporarily eased, that may bring some upside risks to growth forecasts. China's central government is keen to continue providing support for companies that may be affected by tariffs to get through this challenging time, HSBC says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 14, 2025 04:27 ET (08:27 GMT)
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