[Applause] Donald Trump’s return to the White House threatens to reignite a trade war that could devastate China his threat to impose tariffs of as much as 60% on Chinese Goods would likely choke off those exports to the US almost entirely Bloomberg economics says but while Beijing found itself on the back foot when Trump first started a trade war in 2018 this time around is better prepared China could Target us agricultural Goods with its own tariffs or roll out export curbs on strategic Raw materials the US needs it also now has a formal process to sanction foreign firms that could be used to Target American companies Beijing has also moved to shore up ties with Nations it has sparred with in recent years buying some insurance against any rise in tensions with the US now president cin ping would prefer to avoid a tariff battle as he grapples with economic difficulties at home a lingering property crisis and deflationary pressures