Beijing’s efforts to stabilize its faltering economy have been too weak to date. The situation is likely to worsen following Donald Trump’s election win.
Chinese Finance Minister, Lan Fo'an delivers a speech during the China Development Forum in Beijing, China, March 24, 2024. Credit: Tatan Syuflana via AP Images
The re-election of Donald Trump, along with the red wave that swept through the U.S., is likely to have significant repercussions for China at a sensitive time, and with no end in sight. The Trump campaign advocated for 60 per cent tariffs on Chinese goods entering the United States, and for removal of China’s Most-Favored-Nation trade status, none of which feels like it was pure rhetoric.
Donald Trump delivers remarks during a rally in Georgia on tariffs and China, September 24
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