China warned Thursday there would be "no winners in a trade war" after the re-election in the United States of former president Donald Trump, who has pledged huge new tariffs on Chinese imports.

Donald Trump has threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. on the campaign trial. These levies could come at a pivotal time for Beijing. The country is relying more on exports for growth as it battles with a real estate slump and tepid consumer spending.