China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the US.
Trump as a shrewd businessman will not be so naive. None of the previous presidents were bold enough to launch an all-out trade war against China. They all opted for a cautious line since it’s most consistent with the overall interests of the US, and it’s most acceptable to US society.
That’s China’s state-run newspaper, threatening to hit – among others – Apple where it hurts.
I don’t think American companies are going to, uh, just allow Trump and his administration to carry out this promise he made to voters – one of his core promises, I might add.