Beijing managed to keep Chinese economic growth steady in the most recent quarter despite a drop in exports to the United States.
The critical question is whether US and China can strike a deal by the March 1 deadline because if they succeed, a cloud will be lifted off the world economy.
Officials have been in talks nearly non-stop for a month as they try to overcome hurdles and agree on a NAFTA rewrite.
The Washington Post and Wall Street Journal said US President Trump had decided to impose 10 percent levies on USD 200 billion of Chinese imports and could make an announcement in the coming days.
The fresh tariffs are aimed at putting pressure on Beijing ahead of tough negotiations on its demand for technology transfer from US companies.
Chinese factories making everything from bikes to tyres, plastics and textiles are moving assembly lines abroad to skirt higher customs taxes on their exports to the United States and elsewhere.
The company's US-made hardware products have taken it to become a USD 1 trillion company but those products are built in China which, in turn, creates thousands of jobs.
NABE Vice President Kevin Swift said more than 90 percent of the 251 economists surveyed said the tariffs and threats of tariffs had "unfavorable consequential impacts."
The report issued by the Bertelsmann Foundation comes amid a deepening trade dispute between China and the United States which has engulfed other major trading partners.
The trade war between the US and China doesn't seem to cool down. The US has planned to place tariffs on additional products worth $200 billion.
U.S. President Donald Trump has warned the United States may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount of U.S. imports from China last year.
The Trump administration has argued that China has deployed predatory tactics in a push to overtake U.S. technological dominance.
The Trump administration's tariffs on USD 34 billion of Chinese imports are due to go into effect at 12.01 am eastern time on Friday.
She added that the good functioning of the world economy depends on countries working together as partners.
Canada's retaliatory tariffs took effect Sunday against American products including Florida orange juice, ketchup and Kentucky bourbon.
Trump said he was pushing forward with fresh punitive measures over Beijing's "unacceptable" move to raise its own tariffs.
US trade groups also stepped up their criticism, while some large companies such as Boeing said they were beginning to evaluate the tariffs' possible effects.
The European Union drew up the list in March but pledged not activate it unless US President Donald Trump followed through on his threat to impose tariffs on steel imports and aluminium.
Separately, the Chinese government announced in a statement late Wednesday that it would further cut import tariffs on daily consumer goods from July 1.
US says it has USD 375 billion trade deficit in USD 636 billion total trade last year. China says the trade deficit is around USD 200 billion.