90% of Chinese exports will be hampered if new tariffs are announced, says Rabobank

90 percent of the Chinese exports to the US will be hampered if new tariffs are announced, said Michael Every, Rabobank adding that China will have to respond to the US in some way.

Unlike China  and other Asian markets, India is a domestically-focused economy, said Every.

“I believe this is a political issue in the first place with a clear economic repercussions. Once that is clear to US President Donald Trump and to politics in general, they will refrain from further action,” said  Bruno Verstraete, Partner at Lakefield Partners.