Donald Trump’s victory in the U.S. presidential election is giving China watchers something new to worry about -- the threat of a trade war between the two largest economies.
Before the poll, Trump made his position clear: China was a "grand master" at currency manipulation and was stealing American jobs. He threatened punitive tariffs of up to 45 percent on the country’s imports, a step that Commonwealth Bank of Australia estimated would cut China’s shipments to the the U.S. by 25 percent in the first year. George Magnus, senior independent economic adviser at UBS Group AG, says the $11 trillion Asian economy stands to lose from a more protectionist America.
