Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US
When Donald Trump enters the White House for the second time on 20 January, the view from the Oval Office will look very different to the one he encountered in 2017. A pandemic, the war in Ukraine and a trade war with China have caused ripples through the global economy that are still being felt midway through the decade.
Beijing will be watching closely. Trump has promised to impose tariffs of up to 60% on Chinese imports, partly in retaliation for the flow of fentanyl from China to the US.