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China Threatens To Cut Sales of iPhones and US Cars if 'Naive' Trump Pursues Trade War (theguardian.com)
US president-elect Donald Trump would be a "naive" fool to launch an all-out trade war against China, a Communist party-controlled newspaper has claimed. From a report on The Guardian:During the acrimonious race for the White House Trump repeatedly lashed out at China, vowing to punish Beijing with "defensive" 45% tariffs on Chinese imports and to officially declare it a currency manipulator. "When they see that they will stop the cheating," the billionaire Republican, who has accused Beijing of "the greatest theft in the history of the world", told a rally in August. On Monday the state-run Global Times warned that such measures would be a grave mistake. "If Trump wrecks Sino-US trade, a number of US industries will be impaired. Finally the new president will be condemned for his recklessness, ignorance and incompetence," the newspaper said in an editorial. The Global Times claimed any new tariffs would trigger immediate "countermeasures" and "tit-for-tat approach" from Beijing.
Wow... This would actually drive manufacturing back to the United States or other areas if there is fear of state withholding shipments. This could be a very big benefit not a detriment.
1. Enable Apple to bring profits back
2. Create manufacturing centers here which are robot/automated
3. Hire middle class to manage and maintain robots/design line
4. Stamp made in america
It's a win, win , win for everyone.
Net worth 3.7Billion. US. That puts him pretty firmly in the billionaire club. Whoever you are I understand why you post as AC.
The Trans-Pacific deal was all about hemming China in. It's death is of great relief to China.
The world's burning. Moped Jesus spotted on I50. Details at 11.