Some economists expect China to miss its “around 5%” annual growth target this year.
“The real question is by how much. We believe it will defend a floor of 4%, which remains the minimum politically acceptable level,” Dan Wang, director for China at consultancy Eurasia Group told the BBC.
A tariffs war between China’s President Xi Jinping and Trump led to the US imposing a 145% levy on Chinese imports. In return, Beijing introduced a 125% duty on some US goods.
Washington has also hit countries with close economic ties to China with heavy levies.