Donald Trump is about to relaunch his trade war with China—and create even more corporate upheaval in the process
During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.
![Donald Trump is about to relaunch his trade war with China—and create even more corporate upheaval in the process](https://fortune.com/img-assets/wp-content/uploads/2025/01/Fortune-China-Tech-Chayka.jpg?w=2048#)
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