President-elect of the United States Donald Trump had some choice words about China when he was on the campaign trail. He promised some strict actions against the People’s Republic to balance the trade, in his view, between the two nations. Now that he has actually won the elections and will be taking over the top job in a couple of months, China is letting him know that it will go to any length to protect its interests. The country’s state-run newspaper has said that the government will hit back with “countermeasures” if Trump imposes a trade war against China.
An editorial published in the state-run Global Times said that it would be “naive” for Trump to fulfill his campaign promise of declaring China a currency manipulator and imposing a 45 percent tariff on Chinese exports to the United States.
“China will take a tit-for-tat approach then,” the editorial warns, adding that “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.”
The paper goes on to say that if the president-elect “wrecks” trade between the United States and China, a number of industries in the U.S. will be impaired. “Finally the new president will be condemned for his recklessness, ignorance and incompetence and bear all the consequences,” it predicts.
Chinese media has reported that Chinese President Xi Jinping spoke with the president-elect earlier today, expressing that “cooperation is the only correct choice for China and the United States.” The two leaders have agreed to communicate closely and meet “at an early date,” according to reports in Chinese media.
Filed in . Read more about China and Donald Trump. Source: theguardian