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New tariffs threatened by the US would be more harmful to China than the first batch, says bank CEO

  • The proposed U.S. tariffs on an additional $200 billion in Chinese goods, if implemented, could harm the world's second-largest economy, said Piyush Gupta, CEO of Singapore’s DBS Bank.
  • That’s because the targeted Chinese goods include a greater number of finished products, which can be replaced by similar ones from other sources, he said.

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