In Trump-Biden Rematch, the Only Sure Loser Is China

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Trump vows massive tariffs that could shrink US-China trade to practically nothing — and Biden has new restrictions ready to roll before election day

Bloomberg News

Mackenzie Hawkins, Jennifer Welch, Mario Parker and Eleonora Mavroeidi

Published Feb 11, 2024 • 9 minute read

Copies of the Apple Daily newspaper, published by Next Digital Ltd., at the company’s printing facility in Hong Kong, China, early on Thursday, Nov. 5, 2020. Democrat Joe Biden took narrow leads over Donald Trump in two critical Midwestern states with the presidential race hanging in the balance for a second day. Photo by Lam Yik /Bloomberg

(Bloomberg) — Donald Trump’s China trade war frayed economic ties between the two global superpowers. His second-term plans risk cutting them entirely.

The former president is pitching a 60% tariff on all Chinese imports. That would shrink a $575 billion trade pipeline to practically nothing, Bloomberg Economics analysis shows. And it’s not the only escalation Trump has in mind if he converts a narrow poll lead over incumbent Joe Biden into victory in November.

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Bloomberg News

2024-02-11 19:49:18

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