China Faces Deeper Deflation Risk | Business Matters (May 5)LikeSaveCommentDonateSubscribeChina Faces Deeper Deflation Risk | Business Matters (May 5)Business MattersMay-05-2025As U.S. tariffs on Chinese goods reach highs of up to 145 percent, Chinese exports to the United States have plummeted. In response, China is redirecting those goods to its domestic market, sparking price wars and potentially worsening deflation.