China Threatens Trump With MASSIVE Tariff: We ‘Will Take A Tit-For-Tat Approach’ (VIDEO)

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During his campaign, Donald Trump vowed to levy a tariff of 45 percent on imports from the People’s Republic of China. There’s just one problem with the president-elect’s bombastic threats. Oh wait, make that two.

First of all, this is not The Apprentice and Donald Trump’s not the boss of them. Penny Pritzker, the U.S. Secretary of Commerce, warned The Wall Street Journal if Donald Trump follows through, “the Chinese have said they’ll have to retaliate.”

Of course, Vice Premier Wang Yang didn’t say it that way. Instead, he ominously told a group of U.S. officials that China would “wait and see.” According to WSJ:

‘Mr. Wang, speaking through an interpreter, said China was finding it difficult to predict what Washington’s relationship will look like under soon-to-be President Trump. But, he said, Beijing is optimistic U.S. business interests will help preserve a strong economic relationship between the two powers.’

Penny Pritzker has also slammed Donald Trump’s anti-TPP stance. While the Trans-Pacific Partnership raises plenty of legitimate concerns, these require delicate handling. After all, Beijing is “aggressively pushing its own trade agenda” to build a coalition of its own. Since this could threaten U.S. trade interests around the globe, “ceding ground to China doesn’t make sense.”

Second of all, Donald Trump’s vow to impose a tariff on Chinese imports would break World Trade Organization (WTO) rules. And despite all his threats and bluster — as Boromir from “Lord of the Rings” would say — one does not simply leave the WTO.

As The Washington Post explains:

‘The WTO regulates more than 98 percent of global trade flows among its 164 member countries. Its job is to monitor international trade rules, reduce trade barriers, and settle disputes.’

As for Donald Trump’s massive tariffs on Mexico and China, WAPO tells us the WTO would make short work of that:

‘WTO members must give each other “most-favored-nation” (MFN) status, which means a nondiscriminatory low tariff rate. So the 35 percent tariff on Mexican imports and 45 percent tariff on Chinese imports Donald Trump proposed would be a “flagrant violation” of WTO rules, according to Stanford legal scholar Alan O. Sykes.’

And finally, there’s a third thing. If Donald Trump gets us into a trade war with China, the U.S. would likely lose. Why? Because dictatorships with managed economies can get away with things democracies — and even corrupt, barely-functioning oligarchies like ours — can’t. As The New York Times describes in a chilling list that should terrify small, medium, and large business owners with ties to China.

  • “It could bar state-owned companies from doing business with American businesses.”
  • “It could limit access to essential commodities.”
  • “It could soft-pedal efforts to combat the piracy of American patents and copyrights.”

For starters, the assembling of Apple’s iPhones would grind to a screeching halt. Even scarier, a report from the Peterson Institute for International Economics (PIIE) insists that trade wars with Mexico and China would push the unemployment rate from today’s 4.9 percent to a whopping 9 percent in 2020. Granted, PIIE is staunchly pro-trade. But even a one percent rise in the jobless rate can tank a sitting president’s approval ratings…And we all know how much Donald Trump loves his poll numbers.

And now, China’s got a tough new deputy international trade rep. Fortune reports Zhang Xiangchen called Donald Trump out at a recent press conference:

‘I think after Mr. Trump takes office, he will be reminded that the United States should honor its obligations as a member of the World Trade Organization. And as a member of the WTO, China also has the right to ensure its rights as a WTO member.’

If Donald Trump thinks China’s “killing us,” Zhang Xiangchen declares we’ve seen nothing yet.

‘China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. U.S. auto and (Apple ) iPhone sales in China will suffer a setback, and U.S. soybean and maize (corn) imports will be halted.’

In other words, if Donald Trump thinks he can put the screws to China and get away with it, he’s an idiot.

Watch: China warns the U.S. that if Trump starts a trade war, they’ll retaliate.

Featured image: Johannes Eisele/AFP via Getty Images.