China's state media have praised some U.S. firms for "strong collaboration" - commentary that comes amid fears of a trade war and is reminiscent of how tensions with the U.S. were covered by Chinese newspapers during Donald Trump's first presidency.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

BEIJING, Nov 27 (Reuters) - China's state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world's top two economies into a mutually destructive tariff war.

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.

Mexico has supplanted China as the main source of goods, but imports keep climbing.

A series of swipes at American companies show how China could take the initiative in a new trade war, using its economic dominance to exact pain.

Donald Trump has already begun to ramp up threats of a trade war, with a vow to enact sharp new tariffs across the board on imports from Mexico, Canada, and China to strong-arm them into stopping the flow of drugs and migrants.

President-elect of the United States, Donald Trump, has announced plans to impose a 10% tariff on all imports from China. He attributed this move to the "influx of illegal drugs, including fentanyl and other substances,