China prepares for trade challenges as Trump returns to the White House
China is preparing for a challenging four years as Donald Trump returns to the White House. President Xi Jinping congratulated Trump and emphasized the need for cooperation, despite expectations of increased tensions and a potential trade war.
Trump has proposed significant tariffs on Chinese imports, which could impact $500 billion in trade. In response, China is diversifying its trade relationships, particularly with developing countries, and is advancing its semiconductor technology to reduce reliance on U.S. imports.
The geopolitical landscape remains uncertain, especially regarding Taiwan. While Trump’s approach may offer opportunities for negotiation, his unpredictable stance raises concerns about the implications for Taiwan and U.S.-China relations.