Tuesday, 15 November 2016

China to Engage US in Trade War if Donald Trump Doesn't Soften | IPhone likely to suffer sales lose

Not only will the IPHONE sales decline, other American products selling crazy in China will suffer sales lose  if US President-elect engage in trade war. A Chinese state-run publication is warning.

According to Global Times, China could start buying Airbus aircraft instead of Boeing, and that in addition to iPhone sales, American car sales in China will “suffer a setback.” It added that “U.S. soybean and maize imports will be halted.”

Donald Trump has said that he will declare China a “currency manipulator,” and Judy Shelton, an economic advisor to Trump, said on Friday to Bloomberg that she thought he’d follow through on the issue. “I think that he’s someone who is going to carry through on what he has said— he’s always very straightforward and honest, and I expect him to be consistent,” she said.
Read Also: World's Largest Hook-up & Dating site "AdultFriendFinder" has been Hacked

The Global Times also cautioned:  “If he does list China as a currency manipulator and slap steep tariffs on Chinese imports, China will take countermeasures.”

It added that such a move would make the US-Sino trade relationship “more tense” and that in response to a trade tariff of 45 percent on Chinese imports in the U.S., China would take a “tit-for-tat approach” that could affect iPhone sales in that country.

According to Apple’s latest financial results, Greater China is the company’s third-largest market, measured by revenue, although sales there have fallen around 30 percent year-over-year in the past two quarters.

 The US is yet to respond to China's trade threat.

US, China, Trade war, Iphone, Boeing, Airbus,