Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the USWhen Donald Trump enters the White House for the second time on 20 January, the view from the Oval Office will look very different to the one he encountered in 2017. A pandemic, the war in Ukraine and a trade war with China have caused ripples through the global economy that are still being felt midway through the decade.Beijing will be watching closely. Trump has promised to impose tariffs of up to 60% on Chinese imports, partly in retaliation for the flow of fentanyl from China to the US. Continue reading...
The main idea of the article is that while China has taken steps to diversify its trade relationships and prepare for potential economic pressure from a second Trump administration, the Chinese economy is still heavily reliant on exports and will likely be significantly impacted by a renewed trade war with the US.
Even with efforts to build ties with other countries and shift supply chains, the reduced demand from the US market will be difficult to overcome, given the current state of the Chinese economy.
The main idea of the article is that while China has taken steps to diversify its trade relationships and prepare for potential economic pressure from a second Trump administration, the Chinese economy is still heavily reliant on exports and will likely be significantly impacted by a renewed trade war with the US. Even with efforts to build ties with other countries and shift supply chains, the reduced demand from the US market will be difficult to overcome, given the current state of the Chinese economy.
