China threatens to cut iPhone sell if president-elect Trump starts a trade war
An editorial from a state-run Chinese newspaper suggested that the president-elect
Trump will be a “Naive” fool to start a trade war against the country.
They also suggested if this happens China government would respond with “counter-measures.” And what will be that counter-measure? No more iPhone and Cars!
During the whole campaign, Trump consistently lashed out China and promised to
impose a 45 percent tariff on Chinese imports and to officially declare them “Currency Manipulator.”
No doubt, for which, US-China trade will be “paralyzed.”
Indicating towards that, the editorial reads, “China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the US.”
“Making things difficult for China politically will do him no good.”
As president, Trump will be able to implement tariffs for specific goods. But the presidency has limited the capacity that tariffs can not exceed 15 percent on goods and not longer than 150 days.
According to another state-run newspaper of China,
Chinese President Xi Jinping told U.S. President-elect Donald Trump that cooperation was the only choice for relations between the world’s two largest economies