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

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,

President-elect Donald Trump’s proposed tariffs are pushing companies to keep importing more goods, even as the pressure of a potentially devastating port strike has been lifted.