China Now Leads, On Trade Plus Climate

if Trump slapped China with heavy tariffs it would “paralyze” bilateral trade.

“When the time comes, large orders for Boeing planes would switch to Europe, U.S. auto sales in China would face setbacks, Apple phones would essentially be crowded out, and U.S. soybeans and corn would be eradicated from China,” the paper said in a commentary.

“Trump, coming from a business background, is very astute. We do not believe he will treat China-U.S. trade so childishly.”

China has signaled it will promote plans for regional trade integration, vowing to seek support for a Beijing-backed Asia-Pacific free trade area at a summit in Peru later this month, after Trump’s win dashed hopes for the U.S.-led Trans-Pacific Partnership (TPP).

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