Beijing warns of 'naive' Trump tariff

Seeking Alpha

Published Nov 14, 2016 05:52AM ET

Beijing warns of 'naive' Trump tariff

  • U.S. goods could suffer sales hits in China if president-elect Donald Trump goes through with his "naïve" plan of slapping a large 45% import tariff on Chinese products, according to state-backed newspaper Global Times.
  • Should any such policy come into effect, China will take a tit-for-tat approach. "A batch of Boeing (NYSE:BA) orders will be replaced by Airbus (OTCPK:EADSY). U.S. auto and iPhone (NASDAQ:AAPL) sales in China will suffer a setback, and U.S. soybean and maize imports will be halted."
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