Published on 9 Nov 2024 on Benzinga
Xi Jinping Courts US Allies To Counter Trump's Trade Threats: Report - Alibaba...
In response to President-elect Donald Trump’s threats to isolate Chinese goods from the U.S. market, China is reportedly seeking to engage U.S. allies in Europe and Asia to mitigate the potential impact on its economy.
What Happened: Trump’s campaign promise to impose tariffs of up to 60% on Chinese imports poses a significant threat to Xi Jinping‘s economic model, which is heavily reliant on manufacturing and exports, reported The Wall Street Journal on Thursday.