"Trumpism"Trade Behavior and Sino-U.S.Economic and Trade Relations
This paper examines the impact of"Trumpism"trade ideology and plausi-ble trade measures that may be implemented by the new Trump administration on Sino-U.S.economic and trade relations.Since 2018,Sino-U.S.trade frictions have signifi-cantly affected the scale,structure,and surplus of China's exports.Nevertheless,China's trade with the U.S.has demonstrated considerable resilience,including the growth in ex-ports of products that were not subject to restrictive tariffs,continuous growth of value-added exports,and the formation of new trade geographic patterns with the restructuring of China's overseas supply chains.In the future,in the context of Trump-era trade policy 2.0,China must prepare for high tariffs,the revocation of Permanent Normal Trade Rela-tions,mandated import expansion commitments,and"Section 301"actions targeting Chinese industrial policies.China should respond to external shocks actively and effective-ly by diversifying exports,expanding domestic demand and internal circulation,consolida-ting the domestic supply chain system,accelerating outward foreign direct investments,and adjusting exchange and tax rates.
"Trumpism"Sino-U.S.Economic and Trade RelationsTariffs
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