According to Wang Shuwen, China's trade negotiator and vice-minister of the Ministry of Commerce, in response to questions about “Trump plans to levy 60% tariffs on China” on November 22 this year, the costs and consequences of the high tariffs will eventually be paid by consumers and end users in importing countries. Shortly before Trump announced on November 25 that he would increase tariffs on Mexican, Canadian, and Chinese goods, the total amount of US debt recorded by the US Treasury surpassed 36 trillion US dollars. According to an analysis by Goldman Sachs chief economist Jan Hazius in July of this year, if Trump's tariff plan is implemented, it may trigger an increase in US inflation, thereby prompting the Federal Reserve to raise interest rates further. Interest rates are expected to rise by a cumulative total of 130 basis points. Furthermore, it is likely that it will also lead to a trade war, thereby damaging US stocks and US debt.

According to Wang Shuwen, China's trade negotiator and vice-minister of the Ministry of Commerce, in response to questions about “Trump plans to levy 60% tariffs on China” on November 22 this year, the costs and consequences of the high tariffs will eventually be paid by consumers and end users in importing countries. Shortly before Trump announced on November 25 that he would increase tariffs on Mexican, Canadian, and Chinese goods, the total amount of US debt recorded by the US Treasury surpassed 36 trillion US dollars. According to an analysis by Goldman Sachs chief economist Jan Hazius in July of this year, if Trump's tariff plan is implemented, it may trigger an increase in US inflation, thereby prompting the Federal Reserve to raise interest rates further. Interest rates are expected to rise by a cumulative total of 130 basis points. Furthermore, it is likely that it will also lead to a trade war, thereby damaging US stocks and US debt.