Research & Analysis

China’s Economy Resilient in Q1, Iran Conflict Clouds the Outlook
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China’s Economy Resilient in Q1, Iran Conflict Clouds the Outlook

According to official government data, China’s real GDP grew 5% year-on-year in the first three months of 2026 to 33.42 trillion yuan ($4.9 trillion), beating expectations and reversing the downward trend seen in the second half of 2025. Strong industrial output and foreign trade drove growth, but weak demand weighed on overall activity and clouds the outlook for the rest of the year.

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China Market Intelligence

China Market Intelligence

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Short takes on policy and regulatory actions that impact the business environment.

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Washington Update

Washington Update

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Weekly recaps of every noteworthy development in the US legislative and executive branches.

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Trump Signals New Tariffs on Exempted Products, USTR Announces Shipbuilding Final Decision
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Trump Signals New Tariffs on Exempted Products, USTR Announces Shipbuilding Final Decision

The Trump administration took the first step this week to place new duties on products temporarily exempted from US reciprocal tariffs unveiled on April 2. President Donald Trump last weekend announced exemptions for a wide range of electronics, including smartphones and semiconductor manufacturing equipment, offering a reprieve from tariff rates as high as 195%.

Washington Update USCBC Government Affairs
Trump Raises Reciprocal Tariffs on China to 125%, Administration’s Trade Policy Faces Scrutiny at Greer Hearing

Trump Raises Reciprocal Tariffs on China to 125%, Administration’s Trade Policy Faces Scrutiny at Greer Hearing

President Donald Trump on Wednesday declared a 90-day pause on reciprocal tariffs for all countries except China, increasing China’s rate to 125%. Added to the 20% tariffs imposed last month to address fentanyl concerns, these new duties bring the overall punitive US tariff rate imposed on Chinese goods this year to 145%.

Washington Update USCBC Government Affairs
Trump Announces New and Expansive Reciprocal Tariffs
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Trump Announces New and Expansive Reciprocal Tariffs

President Donald Trump on Wednesday unveiled his reciprocal tariff plan, which imposes a 10% baseline tariff on most countries and much higher tariffs on certain trading partners, including a 34% rate for China that will go into effect at midnight on April 9.

Washington Update USCBC Government Affairs
Trump Narrows Tariff Plans, Senator Daines Visits Beijing, and USTR Holds Hearing on Chinese Shipbuilding
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Trump Narrows Tariff Plans, Senator Daines Visits Beijing, and USTR Holds Hearing on Chinese Shipbuilding

President Donald Trump suggested this week that next week’s reciprocal tariff announcement may be more narrow than first portrayed. He noted that the tariffs will “be more lenient than reciprocal,” with some exceptions and the possibility that not all tariffs will be announced on April 2.

Washington Update USCBC Government Affairs
US-China Diplomatic Engagement Tracker
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US-China Diplomatic Engagement Tracker

This tracker monitors direct diplomatic interactions between the United States and China, documenting high-level meetings, phone calls, and official visits between American and Chinese government officials, starting with the second Trump administration.

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China’s 2025 Budget: More Debt, More Tech
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China’s 2025 Budget: More Debt, More Tech

At the annual two sessions meetings earlier this month, China unveiled its 2025 government budget, detailing its spending priorities for the year. Aligned with the themes of the Government Work Report, which includes the highest projected deficit-to-GDP ratio in three decades, the budget enables greater spending to allow for a more proactive fiscal policy.