And the president-elect seems to be gearing up for a trade war he no longer needs to fight. Eight years on from the first Trump shock, the global picture is quite different. There’s no longer envy of China, nor the belief in some secret sauce that made ...

Donald Trump’s allies tell us that tariffs are principally a negotiating tool rather than a tax on consumers: if you threaten America’s trade partners with new duties, they’ll immediately cave and provide more favourable terms for the exports we produce domestically and sell into their markets.

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

Donald Trump’s return to power has raised the chances of another trade war between the US and China, making Beijing’s potential negotiators some of the most important people in Xi Jinping’s government. Here’s a look at the key figures who could be ...

The containment policy set in the first Trump administration and continued under President Biden will get a harder edge, former officials say.