Posted on 11/14/2016 6:28:34 AM PST by Enlightened1
Apple iPhones and other U.S. goods could suffer sales hits in China if President-elect Donald Trump goes through with his "naive" plan of slapping a large import tariff on Chinese products, a state-backed newspaper warned on Sunday.
During his election campaign this year, Trump spoke of a 45 percent import tariff on all Chinese goods while failing to outline how it would work. Should any such policy come into effect, China will take a "tit-for-tat approach", according to an opinion piece in the Global Times, a newspaper backed by the Communist party.
"A batch of Boeing orders will be replaced by Airbus. U.S. auto and iPhone sales in China will suffer a setback, and U.S. soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the U.S.," the Global Times article read.
Apple has not responded to CNBC's request for comment.
(Excerpt) Read more at cnbc.com ...
BTTT
good.
‘bout time.
Cfhina has made soooo much money off the US they think it’s their birthright now. We’ll find the right trade balance along the way here....
How stupid is China??
Two words, Bring It.
Make the iPhones in the U.S.
Bring jobs home.
“China can also limit the number of Chinese students studying in the U.S.,”
Oh nooo, we’re screwed!/s
I am getting rid of my IPhone, I am going back to just pictures, talking and texting...I have been under their underhanded deals for 3 years, no more...
“China can also limit the number of Chinese students studying in the U.S.,”
They’re spies anyway.
Apple will reap what they sow.
Too bad. The Communist Chinese forget Foxconn and Pegatron, the two big final assemblers of Apple products, is based not in China, but Taiwan. Both companies could easily bring their entire production chain to the USA, thanks to the far more business-friendly environment Trump will implement.
I got a couple of slightly old sim-less Android phones that I use as PDAs over wi-fi.
Dont need a phone plan for any of that stuff. I may go back to flip phones when my contract is done.
Good will buy a Motorola. The moto is back
Only Trump can stop China.The industrial revolution is what gave us our living standards, production ,wealth and civilization. China has been deindustrializing the USA (we are headed backwards because of China's teft.
Only Trump and I understand how china is using currency manipulation to destroy the USA. Only Trump understands what to do to fix this.
When I talk about this to anyone they get that deer in the head lights look .Let the genius Trump handle things you don't have the brain power to understand ok ?
Si Iphones will Stop selling, APPLE and Tim Cook HATE TRUMP anyway, so WHO CARES???
Given that the High Tech Silicon Valley barons universally supported Hillary, not sure that they understand the internals of this. Don’t know where Boeing was in the General Election politics so that may be a question.
What is OBVIOUSLY lacking from this China Government pronouncement is how this will effect their INTERNAL economy if they go through with this. The PRC’s cracked economy keeps being papered over so they are not in that big of a power position!
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