Jason Douglas
China was bruised by its trade war with the U.S. under President Donald Trump, but ultimately bounced back. If Trump wins the White House in November, round two will be much tougher.
The Republican nominee has said he would raise tariffs on Chinese imports to 60% or more if he wins this year’s presidential election. The economic damage to China would be much steeper than in Trump’s first term because the tariffs would be higher and China’s economy is much more vulnerable.
Trump “will be putting his elbow into the Chinese economy as it deflates,” said Matthew Gertken, chief geopolitical strategist at BCA Research. “They are more vulnerable.”
The trade war erupted in 2018 when Trump placed tariffs of up to 25% on $350 billion of imports from China—65% of the 2018 total—including solar panels, washing machines, steel and aluminum. China retaliated with tariffs of its own on U.S. goods.
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