In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was gaining on the United States, and popular opinion suggested it could soon become the world’s largest.

The United States, with Donald Trump assuming the role of President, may impose tariffs of nearly 40% on imports from China next year, according to a recent poll of economists by Reuters.

Trump's proposed tariffs on imports could make prescription medications in the US more expensive according to experts.

For the second largest economy, China, a big source of concern is tariffs against Chinese products. During the campaign trail, Trump had stated that he would impose at least 60% tariffs on Chinese imports and 20% tariffs on imports from all other countries.