The world is entering an era of protectionism” as the U.S. turns to aggressive tariffs, warns one China expert. How nasty will it get?

Beijing might have little choice but to reconfigure its economy should it become embroiled in a broader trade conflict.

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

In South American copper giant Peru, the incoming Donald Trump White House will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around the resource-rich region in Washington's backyard.

This was reported by Financial Times, citing advisers to Beijing and international risk analysts. The Chinese government, led by Xi Jinping, was once caught off guard by Trump’s victory in the 2016 elections and by his subsequent actions to impose higher tariffs,