The David Lin Report
How Will China Retaliate Against Trump Tariffs? China Has Been ‘Preparing’ | Keyu Jin
Nov 27, 2024
Keyu Jin, a global economist and author of "The New China Playbook: Beyond Socialism and Capitalism," delves into the intricacies of China-U.S. relations if Trump returns to power. She discusses China's strategic responses to tariffs and the evolving dynamics with other trading partners. The conversation highlights the emerging influence of a new generation of Chinese consumers and the challenges posed by population decline. Jin also explores potential shifts toward China's technology ambitions and the impact of recent stimulus measures on the economy.
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Quick takeaways
- China is diversifying its trade relationships to mitigate the effects of U.S. tariffs while strengthening alliances globally.
- The new generation of Chinese consumers prioritizes experiences and innovation, indicating a shift towards a service-oriented economy.
Deep dives
China's Evolving Trade Strategy
China has adapted its trade strategy in response to potential tariffs from a second Trump presidency, indicating a more managed and engagement-driven approach compared to the previous administration. Chinese authorities believe they can withstand heavy tariffs, as they have already been transitioning their trade to other partners. This involves diversifying their trade relationships, particularly in Europe and developing countries, while reducing reliance on the U.S. The goal is to strengthen existing alliances and pursue new trade agreements to mitigate the impact of any discounted trade with the U.S.
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