The trade war between US and China under Trump 2.0 may subside if China agrees to shift some of its manufacturing units to the US says a recent report by Jefferies. It said, "the return of the Donald to the White House offers an opportunity for Beijing to negotiate a new deal with Washington,

Beijing has enacted sweeping laws since US president-elect’s first term that would allow it to retaliate if threatened

Beijing might have little choice but to reconfigure its economy should it become embroiled in a broader trade conflict.

The world is entering an era of protectionism” as the U.S. turns to aggressive tariffs, warns one China expert. How nasty will it get?

This was reported by Financial Times, citing advisers to Beijing and international risk analysts. The Chinese government, led by Xi Jinping, was once caught off guard by Trump’s victory in the 2016 elections and by his subsequent actions to impose higher tariffs,