China braces for new tariffs as Trump plans additional duties on imports

China is preparing for new tariffs proposed by U.S. President-elect Donald Trump. He plans to add an additional 10 percent on top of existing tariffs on Chinese goods, which also affect Mexico and Canada. Economists estimate these tariffs could reduce China's exports by 15 percent, impacting its GDP by about 0.5 percent. The exact measures China can take in response remain unclear.