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China threatens to stop selling American cars and iPhones

By Chong Jinn Wei - on 19 Nov 2016, 7:40am

China threatens to stop selling American cars and iPhones

China has warned U.S. president-elect Donald Trump that they would impair several U.S. industries in China, like the sale of iPhones and cars made in the U.S. should he impose a trade war against the country.

Wary of Trump’s less than ideal view towards China, the country threatens to impair sales of key US goods, such as iPhones and U.S. cars in the country. <br> Image source: The Guardian

“If Trump wrecks Sino-U.S. trade, a number of U.S. industries will be impaired. Finally the new president will be condemned for his recklessness, ignorance and incompetence...Making things difficult for China politically will do him no good,” reported The Global Times.

During Trump’s race for the White House, the president-elect declared China as a currency manipulator and vowed to heavily tax Chinese imports with a ‘defensive’ 45 percent tariff.

Besides the report, the Chinese foreign ministry believes that any U.S. politician will eventually adopt a policy that is conducive for economic and trade cooperation between the two countries. Despite that, officials in Beijing are trying to figure out how to deal with a Trump presidency and understand how it affects relations between China and U.S.

“If he follows through on a 45 percent trade tariff then I think it will be damaging to our own interests and we will have fallout that will affect our own companies and our own economy and it won’t be effective. It will not achieve what he is setting out to achieve. So from that standpoint he is going to have to moderate some of that rhetoric as he puts together actual concrete policies,” said Paul Haenle, U.S. diplomat.

According to Jorge Guajardo, former Mexican ambassador to China, Trump may eventually moderate his more audacious pledges during his campaign. Trump will probably adopt a more realistic view when dealing with China as their cooperation is key for number of issues ranging from North Korea, Paris climate deal and trade ties.

Source: The Guardian