Yesterday, the nationalistic Party tabloid the Global Times published an editorial previewing what China would do if Donald Trump tried to start a trade war. Spoiler alert: it wouldn’t be pretty.
The editorial was in response to comments made by Trump economic adviser Judy Shelton when she was asked if the president-elect would follow through on his vows to declare China a currency manipulator on his first day in office. Since being elected, Trump has pulled back on a number of controversial stances he once loudly supported; however, Shelton signaled that this would not be one of them (even if it should be).
To show what was in store for the United States if Trump did try to declare China a currency manipulator or slap steep tariffs on China-made goods, the Global Times listed a few “countermeasures” at Beijing’s disposal.
China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the US.
The editorial concludes that Trump (a “shrewd businessman”) would in fact never dare to try to start a trade war with China, writing that rumors of such were merely made up by the ill-intentioned media (who viciously continue to report things that Trump has said).
So far, Trump has done nothing but help the Chinese economy. Certain companies have capitalized on his campaign by churning out made-in-China Trump masks, toilet paper and other goods for supporters. According to another article from the Global Times, experts predict that thanks to Trump’s stunning win at the polls earlier this month, the gravy train will continue rolling in until at least the presidential inauguration in January.
“My workers are busy printing, folding and shipping the flags all day, but even so we have difficulties meeting the soaring demand,” one factory manager surnamed Yao told the Global Times, adding that he had already sold over 20,000 flags to clients at 4.5-5.5 yuan a piece, reaping big profits.
Yao said that during the campaign season, he had been manufacturing twice as many Trump flags as Clinton flags. Since election day, he had stopped producing Clinton flags all together because of lack of demand.
“Of course I support Trump more than Clinton, because I am making a fortune on his winning,” Yao said, adding that he’s considering “enlarging production lines” before inauguration day.
Be careful, Yao. You might just win so much that you get tired of winning.