China is trying to fix its economy. Trump could derail those plans

Quick Summary:

Trump won the election on a platform of steep import taxes, including tariffs as high as 60% on China.

But China, which has long been the world’s factory for low-cost goods, is trying to replicate that success with high-tech exports.

That would not only encourage more sustainable growth but also lower "trade tensions and [China's] vulnerability to external shocks," he says.

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Article Details

Category: Business

Markets: United KingdomChinaJapan

Topics: Chinese Growth Country China Economy Trump Says Been Tariffs Goods

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 00:01:36 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 992 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23466232

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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