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How is China preparing to tackle Trump’s tariff policies?
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How is China preparing to tackle Trump’s tariff policies?

November 9, 2024, 10:00 p.m.

Last modification: November 9, 2024, 10:01 p.m.

China has already announced new measures to prepare for a possible second term for Donald Trump. The country plans to use billions of dollars to reduce local government debt, ensuring it does not hinder economic growth. Meanwhile, Trump has proposed high tariffs on imports of Chinese goods, with a promise to impose rates of up to 60%. Trump’s victory could disrupt Xi Jinping’s plans to turn China into a technological power and further strain relations between the world’s two largest economies.