A Chinese newspaper Global Times has reported that the government would respond with “countermeasures” if Donald Trump starts a trade war against China.
During his presidential campaigns, Trump frequently targeted China, and he promised to take a tougher stance on the trade in the hopes of reviving manufacturing in the US. China has now responded to him and said that it would take a tit-for-tat approach, and the sales of Apple’s iPhone and the US cars would also suffer a setback, a Chinese newspaper reported.
“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 politically difficult for China will do him no good,” the newspaper said.
This news report has terminated the idea that the president of the US alone could implement a 45 percent tariff on Chinese exports. However, it cautioned that any protectionist measure could leave trade paralysed.
“If Trump wrecks Sino-US trade, some US industries will be impaired. Finally, the new president will be condemned for his recklessness, ignorance and incompetence.”
According to the Reuters, the Chinese President Xi Jinping told U.S. President-elect Donald Trump that cooperation was the only way for relations between the world’s two largest economies, with Trump saying the two had established a “clear sense of mutual respect”.