China's surge in exports means a trade conflict is likely under either presidential candidate, Capital Economics said.
The nation now makes up 15% of global manufacturing exports, which it will have to unload onto US consumers.
He sees it as a consequence of the pandemic, when outsized lockdown demand ignited China's manufacturing sector, and output has jumped over 25% since 2019.
Miller estimated that a trade war could start as soon as next year.
During his tenure in the White House, he led a tit-for-tat trade war with Beijing, with many of its policies still in place under President Joe Biden.
Persons:
—, Mr Trump, Neil Shearing, Shearing, Leland Miller, it's, They're, they're, Miller, Donald Trump's, Trump, Joe Biden
Organizations:
Capital Economics, Service, White, Washington, Capital, Democrat, CNBC
Locations:
China, Beijing, Europe