China will fight back if President-elect Donald Trump follows through on his promise to impose a 60% tariff on Chinese imports, according to Zhu Min, a former top official at the Chinese central bank.

With Donald Trump set to return to the White House, one of the biggest expectations from his second administration is the levying of more tariffs on Chinese goods - a move that became a defining characteristic of Trump's politics during his first term.

With his nomination of China hardliner Marco Rubio for secretary of state, U.S. President-elect Donald Trump has signaled his policy toward Beijing could go beyond tariffs and trade to a more hawkish stance on China as the United States' main strategic rival.

As China attempts to move towards a consumption-based economy, the Politburo is trying to eliminate economic drags before President-elect Donald Trump imposes tariffs. While the markets are pessimistic,

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy.