The migration of manufacturing to Mexico could undermine Trump’s promise to voters that ratcheting up tariffs on China would incentivize companies to bring production back to the U.S and give American companies a more even playing field.

China will use a broad range of stimulus measures to offset the effects of expected US tariffs and a persisting housing downturn, according to Goldman Sachs Group Inc.

Trump has vowed to impose tariffs of as high as 60% on China, as well as lesser ones with the US’ biggest trade partners, threats that could upend global trade and economic growth. A harsher US tariffs regime could push China to seek stronger ties with developing nations: A new study by the Boston Consulting Group suggests that Beijing’s trade with the Global South — home to 62% of the world’s population — could surpass $1.

Users of the Chinese social media app RedNote welcomed "TikTok refugees" from the United States with selfies and messages on Wednesday, as Beijing said it encouraged stronger cultural ties with other countries in response to the sudden influx.

Newsweek reached out to TikTok and the Chinese embassy in the U.S. by email with requests for comment. Why It Matters. TikTok is set to be banned on January 19, affecting 170 mill