Wall Street starts to cut China growth forecasts as trade tensions with U.S. escalate

Key Points

Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with the U.S.
Goldman Sachs analysts on Tuesday cautioned that additional U.S. tariffs on China have a diminishing negative impact on the world’s second-largest economy.
Diminishing impact from tariffs can also feed into Beijing’s calculus that U.S. leverage is likely reaching a ceiling, Yue Su, principal economist, China, at the Economist Intelligence Unit, said in an email.

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