A drone view shows shipping containers from China at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025. REUTERS/Mike Blake/File Photo
BEIJING: Most of China’s industries cannot survive President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg Economics.
Tariffs now set at roughly 40% compare with average industrial profit margins of about 14.8% in 2024.
