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China says it will cut iPhone sales and retaliate ‘tit-for-tat’ if Trump follows through with trade threats

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