India, Feb. 8 -- The inauguration of President Donald Trump for a second term on January 20, 2025, has introduced a new wave of economic policies with significant implications for China and the global market. Central to his agenda is the America First trade policy, which emphasises renegotiating trade agreements and imposing tariffs to protect United States (US) industries. This approach is poised to reshape international trade dynamics, particularly affecting China's export-driven economy.

On February 1, 2025, President Trump declared an economic emergency and imposed tariffs of 10% on all imports from China and 25% on imports from Mexico and Canada. These measures were justified by the administration as necessary to address issues such...