New York Times: “As Mr. Trump now prepares for his second stint in the White House, he is vowing to intensify trade hostilities with China by imposing additional tariffs of 60 percent or more on all Chinese imports. He is pressuring a country that has been chastened by a powerful combination of overlapping forces: the calamitous end of a real estate investment binge, incalculable losses in the banking system, a local government debt crisis, flagging economic growth and chronically low prices — a potential harbinger of long-term stagnation.”
“The decline of fortunes at home has made Chinese companies especially focused on sales abroad. And that makes the country vulnerable to any threat to its export growth, a weakness that would enhance the expected pressure from the Trump administration as it plans to seek a deal that would increase Chinese purchases of American goods.”
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