China yesterday signaled that if President-elect Donald Trump follows through with campaign pledges to slap steep tariffs on goods imported into the United States, retaliation will result in shrunken iPhone sales.
In an op-ed piece published Sunday in Global Times — one of several newspapers controlled by the Communist Party — the editorial writers warned that higher tariffs imposed by the U.S. would trigger reprisals.
“China will take a tit-for-tat approach then,” the piece said of any tariff action by Trump after he takes office in January. “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.”