Chinese government-affiliated expert says America would bear brunt of trade measures promised by president-elect
The US will bear the brunt of any attempt by president-elect Donald Trump to decouple economically from China, a senior Beijing adviser has warned, citing the reliance on low-cost Chinese parts of American manufacturers including the defence industry.
As evidence of US reliance on Chinese manufacturers, Ding cited comments at a conference in September where Greg Hayes, chief executive of RTX, formerly Raytheon, said the US aerospace and weapons group had 2,000 suppliers in China. Hayes told the Financial Times last year that western companies could “de-risk but not decouple” from China and that it would take them many years to find alternative suppliers.
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