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Donald Trump the campaigner talked tough on China: He threatened to slap tariffs of 45% on Chinese exports, and promised to label Beijing a "currency manipulator."

Full credit: Ian Berry/CNNMoney/Shutterstock

Donald Trump the campaigner talked tough on China: He threatened to slap tariffs of 45% on Chinese exports, and promised to label Beijing a "currency manipulator." Full credit: Ian Berry/CNNMoney/Shutterstock

Squeezing US companies will hurt China too

byCT Report
27/06/2018
in Uncategorized
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US : American companies operating in China are likely to find themselves in the firing line as the trade fight between Washington and Beijing intensifies.

But making life difficult for big US brands could bring painful consequences for Chinese industries, too, experts say.

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The Chinese government has a track record of disrupting the businesses of companies from countries with which it’s locked in political disputes. It did so with South Korea last year — and the United States could be next.

“I think it’s almost inevitable. China has done this before,” said Andrew Polk, founding partner at Beijing-based advisory firm Trivium. “They already have many ways of disrupting businesses for multinationals.”

Experts say top companies with big operations in China, such as Apple and GM, could come under pressure.

China and the United States are set to impose new tariffs on tens of billions of dollars of each other’s products in early July.

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