Lately, the US has demonstrated a militant mood. Harsh comments about the North Korean dictator, an intention to get involved in the political crisis in Venezuela, and now an open threat of a trade war with China.
It all started with Donald Trump announcing plans to introduce a number of unilateral trade restrictions. Implementation of this restrictions will surely lead to a trade war, as the Chinese government immediately reacted to this threat. "If the US side disregards the fact it does not respect multilateral trade rules and takes action to damage the economic and trade relations between the two sides, then the Chinese side will never sit back and will take all appropriate measures to resolutely safeguard the legitimate rights and interests of the Chinese side." the Chinese foreign ministry spokeswoman said. If earlier threats from the Chinese side just gave a good laugh, now China has enough leverage to protect its trade interests. However, such statements do not stop Trump, who is convinced that Beijing is pursuing out an unfair trade policy. The US president suspects that Chinese manufacturers violate the intellectual rights of American companies and intends to introduce new trade tariffs.
Meanwhile, China went no further than a verbal warning. However, experts analyzed what response measures can be taken. First of all, this confrontation will hit companies like Apple that assemble their products in China and sale them in the US, as well as companies oriented to the growing Chinese consumer market. The US agricultural and transport companies that meet China's requirements for soybeans and aircrafts will also be at a disadvantage.
