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Analysis: How Trump’s Return Could Impact China’s Economy and Tech

Published: Nov. 7, 2024  7:37 p.m.  GMT+8
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Former U.S. President and Republican presidential candidate Donald Trump dances after speaking during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida on Nov. 6. Photo: VCG
Former U.S. President and Republican presidential candidate Donald Trump dances after speaking during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida on Nov. 6. Photo: VCG

The U.S. economic policy toward China may become more hostile with the reelection of Donald Trump, who has vowed to increase tariffs and is likely to tighten restrictions in the technology sector. Such moves could significantly impact China’s exports, technological development and asset prices.

Tariffs

The president-elect has proposed a 60% tariff on all U.S. imports from China and revoking the Asian country’s most-favored-nation status. Should he make good on these pledges, that would significantly reduce the competitiveness of Chinese goods, weighing down China’s exports and economic growth.

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