As President Trump entered his second term, the trade war he started with China and which former President Biden kept in place suggests taming the deficit to

China’s government has begun incrementally stimulating their economy, which could be a tailwind for China equities, which may have bottomed in January of last year.

Chinese officials were prepared for Donald Trump to deliver bad news on his return to the US presidency: immediate 60 per cent tariffs on exports that could deal a serious blow to the world’s second-largest economy.

Only a third of China’s trade surplus was with the United States, and only a third of the U.S. deficit was with China. That makes for tricky math for the president-elect.

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

Analysts say that while Beijing seeks more engagement with the Trump administration, the new US government’s China policy remains unclear

China has issued a statement after U.S. President Donald Trump signed an executive order directing the United States to withdraw from the World Health Organization (WHO). China’s Foreign Ministry spokesperson,