If Trump's proposed 60% tariff against China is enacted and the country responds aggressively, it could pressure some of America's largest companies.

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.

Since the U.S. and China imposed tit-for-tat tariffs in their trade war during Donald Trump's first presidential term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.

Trump’s hardline nationalism will also not go amiss, and could play a key role in defining US-China relations in the near term.

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

President-elect Donald Trump’s victory has stoked fears of a looming trade war with China. Australians have raised concerns as China is the country’s main trading partner. University of New South Wales Economics Professor Richard Holden has joined Sky News Australia to discuss the fears of a trade war.