Translation Tag: tariff
In the wake of Donald Trump’s victory in the 2024 U.S. presidential election, a top economist at the Bank of China Securities unpacks the potential trade impacts of a second Trump administration on China. He argues that Trump 2.0 may not be universally unfavorable from Beijing’s perspective, given he is entering his second term more focused on domestic issues and China currently maintains a lower trade deficit with the United States than other countries. Though he suggests Trump 2.0 could be less volatile than Trump 1.0, Guan cautions that Beijing still needs to prepare for U.S.-China trade relations to worsen and views domestic reforms and economic performance improvements as key to strengthening China’s position.
Three Chinese economists from JD.com lay out potential impacts of tariffs that U.S. President Donald Trump vowed to impose on China, arguing that U.S. domestic concerns will most likely reduce the duration and magnitude of such measures, thereby minimizing their impacts on the Chinese economy. They argue that regardless of the scale of Trump’s trade actions, Beijing should seek to bolster its national strength through proactive international trade integration with other countries.