BEIJING/SINGAPORE (Reuters) - China's steel industry, already struggling with overcapacity and weak domestic demand, faces an indirect hit if U.S. President-elect Donald Trump pursues 60% tariffs on Chinese goods such as manufactured items made from the alloy.

Donald Trump's first White House term saw a bruising trade war with China that left a lingering impact on farmers -- and many are bracing for further fallout as the President-elect threatens higher levies on Beijing.

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

China is trying to tackle tens of billions of dollars of debt currently saddling local governments to prevent it from slowing the country's overall growth.