China has criticised “extreme” tariffs on its exports amid concerns in Beijing thatDonald Trump will embark on a policy of protectionism as US president. Trump has pledged to hit Chinese goods with tariffs of up to 45% and said cheap imports are “killing” US manufacturers. The president-elect has also appointed one of China’s fiercest critics to key trade post and said he will label the Asian country a currency manipulator on his first day in office, 20 January. But China’s ministry of commerce says it has already been hit with a record number of retaliatory trade measures from rival economies and trading blocs in 2016. Read more
