The Government of China has said, in a statement in the Global Times newspaper, that the iPhone sales "will suffer" if President-elect Donald Trump follows through on threats of starting a trade war when I enter the White House. The comment was made in response to the promise that the American magnate and politician made to apply tariffs of 45% to Chinese imports, that is, if the war starts, China will continue it.
The statement appears to go directly to Trump, assuring that a canny businessman will not be so naive and will even suggest that the trade war is a trap set by the American media to silence the new president. In fact, The Chinese are not the only ones who hope that the threat of this war will remain in mere lip service to gain access to the White House, something that, on the other hand, is highly probable.
Half the world expects Trump to fail to deliver on many of his promises
If Trump imposes a 45 percent tariff on Chinese imports, China-US trade will be paralyzed. China will make an "tit for tat" move in that case. One batch of Boeing (US) orders will be replaced by Airbus (Europe). US cars and iPhone sales in China will suffer a setback […] The new president will be condemned for his disrespect, ignorance and incompetence and will carry the consequences.
On the other hand, the Chinese media assures that Trump will in no case have the necessary authority to apply this rate:
Imposing a 45 percent tax on imports from China is mere campaign rhetoric. The most important authority that a president of the United States has is to impose tariffs of up to 15 percent for 150 days on all imported goods, and the limit can only be broken on the condition that the country is declared in a state of emergency. In another scenario, a president of the United States can only ask that a rate be increased on individual products.
We will see what happens from now on, but I agree with what the Chinese Government says. More than anything because One thing is the political campaign and quite another is what you do once you reach the presidency, something that was demonstrated in the first words of the next president of the United States as soon as his victory was confirmed. Unless Trump wants (and can) start something big, he cannot provoke such important markets as China. And it is that, Trump, quietly you are more handsome.