President elect Donald Trump has been criticizing the deals the US has made with China during nearly the entire election cycle. Accusing China of manipulating their currency, Trump wants stricter trade deals with the Asian powerhouse.
According to an op-ed in Global Times this could mean a trade war with severe consequences. The 45 percent tariff, promised by Trump, is not a realistic increase without the country being in a state of emergency. However an increase to 15 percent for a limited time is possible as well as product specific tariffs.
This however would mean that in response China would impose their own restrictions and that would lead into a trade war that wouldn't benefit either side, Global Times writes. Increasing the tariff could affect the sales of for example Boeing and Apple.
The paper suggests that this is probably just Trump's campaign rhetoric that will never see the light of day.
This however would mean that in response China would impose their own restrictions and that would lead into a trade war that wouldn't benefit either side, Global Times writes. Increasing the tariff could affect the sales of for example Boeing and Apple.
The paper suggests that this is probably just Trump's campaign rhetoric that will never see the light of day.
