We think, in responding to Trump policies, China should:

  1. take a leading role;
  2. set a wise negotiation strategy by responding slowly and factoring in policy-changing risks;
  3. prepare for the worst-case scenario on trade negotiations and WTO is the appropriate organisation to exchange with;
  4. levy an export tax rather than the US levy a border adjustment tax to collect the revenues itself;
  5. offer what has been achieved as a gift to the Trump administration, such as China will not be a currency manipulator and will help with jobs.