MACRO PICTURE

Beijing's Strategy to Counter Trump's Policies

by Nato Balavadze

15 January 2025

In this paper we discuss:

• Trump's tariff plans and rising US-China-EU trade tensions;
• Beijing’s three-pronged strategy: retaliation, adaptation, and diversification; and
• How Trump’s trade policies could inadvertently accelerate Beijing’s
  transition to a consumption-based economy.

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Download PDF: Tariff impact on China - January 2025

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