The challenges facing the new US President.

(Baonghean.vn) - With Donald Trump officially assuming the office of the 45th President of the United States, analysts predict a relatively bleak outlook for the global economy in the coming period. Accordingly, a trade war between the US and China is likely to occur if Trump follows through on his previous statements about potentially imposing new tariffs on Chinese goods.

According to many experts, President Trump's statements about Beijing taking measures to protect the yuan and the possibility of Washington imposing high tariffs on Chinese goods could lead to a retaliatory response from Beijing.

Negotiating new trade agreements under President-elect Donald Trump will require more diplomatic skills and compromise than the pronouncements he made during his campaign. (Photo: AP)

Simon French, an economist at investment bank Panmure Gordon, commented, "I think China could be a major issue. New tariffs targeting Chinese goods could be announced soon… and will likely provoke a reaction from Beijing. I think this will be a prominent issue in President Trump's first 100 days in office."

In addition, some argue that global markets will need time to adapt to the new US president's style of using social media.

Michael Hewson, a specialist at CMC Markets, stated, "President Trump has repeatedly used Twitter to express his views on economic deals or corporate plans. We've seen impacts on stock prices in sectors such as the defense industry when he comments on Lockheed and the F-35 fighter jet."

A trade war between the US and China is likely to occur under the new Washington administration. Photo: NYTimes.

These observations were made at a time when China's two key stock markets, Shanghai and Hong Kong, were also moving in opposite directions.

At the close of trading on Friday, while the Shanghai Composite index rose, the Hang Seng index fell. Meanwhile, in the US, the stock market closed slightly higher, marking the first time in over 50 years that the US stock market has risen on the first day of a new president's term.

Lan Ha

(According to AFP)