Trump's win spells trouble for a luxury comeback in China

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Summary

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After Donald Trump first stormed the White House eight years ago, rattled Chinese leaders responded to his tariffs and fiery rhetoric with force, resulting in a trade war that plunged ties between the globe's largest economies to multiyear lows.
Voice Of America
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Beijing has warned President-elect Donald Trump against increasing tariffs on Chinese goods or risk inflicting losses on the American economy.
Newsweek
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Two days after the US election result, countries around the world are digesting what impact Trump 2.0 will have on their economies – especially if the president-elect kicks off a trade war.
Guardian
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In 2019, China's economy grew a revised 6.0%, the weakest in nearly 30 years, weighed down by trade war with the U.S. The economy has further cooled since, with the government targeting a modest expansion of around 5.0% in 2024, putting it on the back foot if there are fresh trade frictions after Trump takes office in January.
The Gazette

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