China’s 2025 economic glow-up cancelled, UBS slashes growth forecast, tariffs bite hard.
CHINA’S 2025 GLOW-UP? CANCELLED. UBS SLASHES GROWTH FORECAST AS TARIFFS BITE UBS—the fancy Swiss bank that stares at charts for a living—just said “nah” to China’s 2025 economy. They downgraded the growth forecast from 4% to a gloomy 3.4%. Why? Because the U.S. slapped on those spicy new tariffs, and now China’s exports are going …