(credit: Gage Skidmore)
China has threatened to stifle American trade if US president-elect Donald Trump makes good on his campaign promise to impose massive tariffs on the country’s imports.
One of the most regular pledges that Trump made during the run-up to the election was to impose what he called “defensive” tariffs of 45 percent on Chinese imports, and to have Beijing officially declare a currency manipulator, “the greatest in the world.” At a rally in Florida in August, the Republican suggested these tariffs would force China to “stop the cheating.”
In an excoriating op-ed, China’s state-run newspaper Global Times warned that the People’s Republic would adopt “a tit-for-tat approach,” and would simply stop buying American goods, including the Apple products that are so popular there. It said:
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Source: Ars Technica – China: We’ll block iPhone sales if Trump imposes tariffs