Trumponomics and China-US Economic and Trade Relations

Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy—now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Internationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country’s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.