Let's hope new US president ends conflicts as promised

Donald Trump's election victory on Wednesday has raised concerns. During the election campaign he proposed to an extra 10 percent tariffs on all US imports and a 60 percent tariffs on Chinese goods.

Given the highly interconnected global supply chains, a tariff war against one economy today means a tariff war against many countries, not to mention that a tariff or trade war launched by the US ends up harming the US economy and consumers. Studies show that tariff wars have been and will continue to be disastrous for US workers, consumers and businesses.

Win-win cooperation, especially between the world's two largest economies, has always benefited not just the people of the two countries but also the world as a whole.