'Trump's victory could wipe $420B off China's exports'
Donald Trump's victory in the US presidential elections could lead to a decline of $420 billion (87%) in China's exports to the US, a report stated. His promise to impose punitive tariffs on Chinese imports could cost the country 4.82% of its GDP over time. This would be contractionary and deflationary for the world's second-biggest economy, the report added. 