Speculation rises that Trump's tariffs on China may average 20%, impacting GDP growth and prompting potential retaliation from China.

Goldman Sachs Chief Economist Jan Hatzius has said that US President-elect Donald Trump is expected to impose 20% tariffs on most Chinese goods and 60% tariffs would only be reserved for certain goods

As Donald Trump prepares for his second term, his proposed economic measures, particularly tariffs on China, Mexico, and Canada, could significantly affect American households and retail operations.

Despite US president-elect's vow of high duties across the board, firm's chief economist forecasts only key goods will face 60% rate Despite campaigning on a vow to impose 60 per cent tariffs on all Chinese imports,

Economists and others have raised concerns about President-elect Donald Trump's plan to increase tariffs on U.S. trading partners, but some say Trump's plan could generate billions for the U.S. each year.