Chinese flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the U.S. Capitol in Washington

Targeting U.S. automaker signals possible China retaliation over Trump talk

Chinese flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the U.S. Capitol in WashingtonBy Arshad Mohammed, Matt Spetalnick and Benjamin Kang Lim WASHINGTON/BEIJING (Reuters) – China’s plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations. Trump’s assertion that the United States need not be bound by the policy that Taiwan is part of “one China” would erode a bedrock of U.S.-China ties that has underpinned the vast increase in trade and cooperation between what are now the world’s two largest economies. Few expect the disagreement will lead to outright military confrontation, nor even the kind of economic war that many feared could be launched by Trump’s threat during the U.S. presidential campaign to slap tariffs of up to 45 percent on Chinese imports.

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