How Donald Trump Could Wipe $420 Billion Off China's Exports
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Victory for Donald Trump in the U.S. presidential election could be a game changer for China's economy.
The candidate's promise to slap punitive tariffs on Chinese imports would be highly contractionary, deflationary and wipe hundreds of billions off the value of the world's second-biggest economy, according to new research by Kevin Lai, the Hong Kong-based chief economist for Asia (excluding Japan) at Daiwa Capital Markets.