That rhetoric led many analysts to suggest a trade war between the world's two largest economies could be on the horizon, and it would have major global ramifications. But, Alex Capri, an expert on international trade and a visiting senior fellow at the National University of Singapore's business school, told CNBC that such a trade war is unlikely — although an increase in certain kinds of tariffs on Chinese products could well occur.
Speaking with CNBC's "Capital Connection" on Monday, Capri said "there will be an increase in anti-dumping duties, there will be an increase in countervailing duties levied against Chinese products."
Still, he said, "it's unlikely that we will see an across-the-board tariff of 45 percent across a whole suite of Chinese products."
Capri stressed that it would be unlikely for a trade war to break out between the nations as such a move would be unlikely to benefit anyone.
He did, however, caution against possible retaliation by the Chinese government if the U.S. decided to take actions on trade which Beijing deems too drastic or unfair. U.S. businesses would obviously be concerned by the prospect of retaliation, Capri added, as many are already facing difficulties in China.
"[The Chinese government] could certainly make business much more difficult for companies on the ground in China, and it's not exactly easy for them now as is," Capri said.