A leading credit rating agency has revised its projections for China’s economic growth, citing the looming threat of increased tariffs under the upcoming US presidency. According to S&P Global Ratings, the uncertainty caused by Trump's stance on tariffs has "blurred" the economic landscape in the Asia-Pacific region, leading to a downward revision of growth forecasts for the next two years. The agency highlighted potential negative impacts on investment, employment, income, and confidence, which could also affect consumer spending. Additionally, while China has implemented stimulus measures, S&P pointed out that there has been limited support for households and consumption.