A Chinese state-run newspaper says “US auto and iPhone sales in China will suffer a setback” if President-elect Donald Trump starts a trade war, The Guardian reported Monday.
If Trump acts on his threats toimpose a 45% tariff on Chinese imports and officially list China as a currency manipulator, China will take a “tit-for-tat approach,” the newspaper, Global Times, said.
The airline industry was singled out in the list of countermeasures — specifically that China would replace a batch of orders for US-owned Boeing airplanes with French-owned Airbus ones. – READ MORE
