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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.