With President-elect Donald Trump’s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy — and turn them into targets of Chinese retaliation.

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.