China is trying to tackle tens of billions of dollars of debt currently saddling local governments to prevent it from slowing the country's overall growth.

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

With Donald Trump’s election victory sparking expectations of steep tariffs, US importers are expected to rush to front-load goods from China even before January’s inauguration to sidestep potential cost increases and deliver a surprising boost to Chinese exports.

Former Australian ambassador to the United States Arthur Sinodinos has delved into how US President-elect Donald Trump’s tariffs will affect the world.