China is prepared to tackle potential tariffs from Donald Trump by utilizing economic stimulus and yuan devaluation to mitigate their impact on the nation's economy.
China's Economic Expectations and Measures
China's economists are assessing the risks of Trump's tariffs, predicting a slight drop in GDP growth by less than 1% annually. To counteract this, China plans to implement fiscal and monetary measures.
China's Retaliation Tactics
China is prepared to retaliate by imposing tariffs on U.S. agricultural products and high-tech components such as rare earth elements. This move targets key sectors in the US economy.
Expanding Trade Ties
China intends to strengthen trade relationships with Southeast Asia and the EU, while increasing investments in overseas manufacturing to bypass U.S. tariffs.
Chinese policymakers aim to maintain economic stability through various initiatives, including yuan devaluation and expanding international trade relations.
