China prepares for intensified rivalry with US after Trump's election victory

economictimes.indiatimes.com November 6, 2024, 09:01 AM UTC

China is preparing for increased rivalry with the U.S. following Donald Trump's victory in the presidential election. Experts anticipate heightened trade tensions and tariffs, which could impact China's economy but also provide opportunities for expanding its global influence.

Trump's proposed tariffs on Chinese imports could exceed 60%, raising concerns in Beijing about a potential trade war. China, which exports over $400 billion in goods to the U.S. annually, is likely to focus on technological independence and strengthen ties with other nations.

In response to Trump's isolationist policies, China plans to enhance relationships with countries in the Global South, Europe, and Northeast Asia. This shift may allow China to fill power vacuums created by U.S. disengagement from international agreements.

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Timeline:

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