RUSH DOSHI is Director of the Initiative on China Strategy at the Council on Foreign Relations and an Assistant Professor at the Edmund A. Walsh School of Foreign Service at Georgetown University. He previously served as Deputy Senior Director for China and Taiwan Affairs at the National Security Council during the Biden administration.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

Mexico has supplanted China as the main source of goods, but imports keep climbing.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products.

Chinese firms are on edge and so are some of their US partners. Markets are relatively muted, though the yuan is down.

By Joe Cash BEIJING (Reuters) -China attacked U.S. President-elect Donald Trump's pledge to slap additional tariffs on Chinese goods over fentanyl flows, saying his incoming administration was pushing the blame for America's opioid crisis onto China.

President-elect Trump’s emphatic promise of new tariffs is sharpening the debate over how he will handle the economy. It’s likely the single most important domestic issue of his second term. Trump is poised to enjoy almost perfect timing in taking the reins of an economy on the rise.