China is “deeply concerned” about Trade War 2.0 as Donald Trump prepares for a return to the White House in January.
Trump – who has promised to impose huge taxes on Chinese imports – will return to the presidency as a time of major upheaval in China. Beijing aims to tackle the massive debt burdening local governments to prevent it from hampering the country’s overall growth.
Following President-elect Trump’s US election victory, economists are predicting potential upheaval for the global economy. Mr. Trump has pledged to impose substantial import taxes that could result in tariffs of 60 percent on Chinese-made goods.
https://www.the-express.com/news/world-news/154312/china-donald-trump-usa-tariffs-trade-war