The EU does not want a trade war with Beijing but five years of talks have yielded no real progress, the bloc's ambassador to China said on Saturday, adding that concern was growing over Chinese market access for European medical devices.

As U.S. President-elect Donald Trump prepares for his second term in office, China is bracing for unpredictability in its ties with the United States

China analyst Bill Bishop says Trump should be taken at his word about his new tariff plans. "I think we should believe that he means it when [he] talks about tariffs, that he sees China as having reneged on his trade deal,

Donald Trump is preparing to implement the most extensive tariffs in a century, and some of these tariffs are intended to serve as bargaining chips in trade negotiations, writes "The Washington Post." The newspaper adds that the introduction of a universal basic tariff is unlikely.

Donald Trump has previously threatened tariffs on Chinese goods, raising concerns about their impact on China's economy.