China Threaten To Boycott iPhone Due To Trump Win
China may halt sales of the iPhone if President-elect Donald Trump decides to go through with his plan of implementing import tariffs on Chinese products. According to a state-run Chinese newspaper the Global Times, Trump’s plan of slapping a 45 percent import tariff on Chinese goods will result in retaliation from China. Cnbc.com reports: “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. China can also limit the number of Chinese students studying in the U.S.,” the Global Times article read. Apple has not responded to CNBC’s request for comment. But the Chinese newspaper was not convinced Trump would go through with his suggestion, calling it “merely campaign rhetoric” and questioning its legal validity. U.S. law dictates that presidents can only impose tariffs of no more than 15 percent for a maximum of 150 days on all imports. As an example of earlier tariff-tit-for-tats, the Global Times pointed toward the 35 percent tariffs imposed in 2009 on Chinese tires. China retaliated with its own tariffs on U.S. car parts and chicken. “Both China and the U.S. suffered losses as a result. [...]
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