After the results of the US presidential election, concern has started appearing in China. There has also been a simple response from the Foreign Ministry that it does not matter who becomes President in America and China will continue with its old policies.
The biggest reason for concern of Chinese President Xi Jinping is that if what Donald Trump has said in the election campaign about tariffs is implemented, it will affect the Chinese market and directly affect the country’s economy. Will happen.
Donald Trump had started a trade war against China during his last term. Heavy tax was imposed on Chinese items. Scrutiny of Chinese companies was tightened, which had an impact on the business of both the countries. Because of this, tension has started appearing in China after Trump’s return.
On Donald Trump’s victory, the Chinese Foreign Ministry issued a statement saying, ‘The presidential election is an internal matter of America. We respect the election of the American people. As far as business is concerned, we do not respond to hypotheticals. Our policy regarding America is very clear. We view the relations between America and China from the perspective of mutual respect, peaceful coexistence and interest of both the countries and will continue to follow this policy in the future."text-align: justify;">What is China afraid of?
China is afraid that Trump might start a trade war against China again. Donald Trump had said in the election campaign that he would impose heavy taxes on goods coming from China. He had talked about imposing 60 percent tariff. In such a situation, goods going from China to America may be banned. China sells goods worth $400 billion to America every year. At the same time, Donald Trump had also talked about ending China’s most favored nation status.
What do experts say?
Trade between China and America Experts have different opinions regarding relationships. Rajiv Kumar, former vice-chairman of India’s NITI Aayog, says that Donald Trump will impose tariffs and import restrictions on countries whom he feels are not friendly to America, which includes China and some European countries. If this happens, it could open up markets for Indian exports. Barclays said in a research report on Wednesday that Donald Trump could be most important for Asia in terms of trade policy. The report estimated that Donald Trump’s tariff proposals would reduce China’s GDP by two percent and put pressure on other more open economies in the region.
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