China has threatened to block American trade if US president-elect Donald Trump imposes massive tariffs on the country's imports.
One of the most regular promises that Trump made during his campaign was to impose what he called "defensive" tariffs of 45 percent on Chinese imports, and to have Beijing officially declare a currency manipulator, "the greatest in the world." At a rally in Florida in August, the Republican suggested these tariffs would force China to "stop the cheating."
China's state-run newspaper Global Times warned that the People's Republic would adopt "a tit-for-tat approach," and would simply stop buying American goods, including the Apple products that are so popular there.
Sounds like a bad outcome for Tim Cook and Apple.
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