Correcting the major imbalances in the global economy will require collaborative international action. If he wants results, Trump will need to rein in his penchant to go it alone.

Chinese officials were prepared for Donald Trump to deliver bad news on his return to the US presidency: immediate 60 per cent tariffs on exports that could deal a serious blow to the world’s second-largest economy.

President Donald Trump is considering changing a key U.S. trade benefit to other nations, the "de minimis" exemption on import tariffs, as he accuses China of unfair trade practices and blames it for a crisis over the deadly drug fentanyl.

Among Trump's first acts in office on Monday was to order U.S.'s exit from the World Health Organization and Paris Agreement.

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

Analysts say Trump’s threat to impose tariffs on Chinese imports may be a way to extract concessions from Beijing