Beijing has also threatened to replace Boeing with Airbus
China has threatened to cut iPhone sales and to order planes from Airbus instead of Boeing if President Donald Trump embarks upon a trade war.
The Global Times, the country’s state-run newspaper, said that the new president would be “naïve” to instigate a trade war against China which will retaliate with “counter-measures” to an aggressive US approach.
During his campaign, Donald Trump pledged to enforce a 45% tariff on Chinese exports.
“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 Global Times reported.
“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. Making things difficult for China politically will do him no good,” the newspaper warned.
The President had implied that a trade war was already under way, stating that China was a “currency manipulator”.
“We already have a trade war. And we’re losing, badly,” Mr Trump said, the New York Times reported.