Economics
Huntsman Sees ‘Wild Ride’ Ahead as Trump Talks Tough on China
- Ex-ambassador sees Trump naming China a currency manipulator
- Next step would depend on whether Congress imposed sanctions
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U.S.-China relations are headed for a “wild ride” if President-elect Donald Trump fulfills a campaign promise to designate China as a currency manipulator and the Republican-led Congress imposes trade sanctions, said Jon Huntsman, who served as U.S. ambassador in Beijing under President Barack Obama.
“China would then retaliate, of course,” Huntsman, a Republican who ran for president in 2012, told Bloomberg’s “Benchmark” podcast co-hosts Scott Lanman and Daniel Moss on Monday in Washington. “Then you’d see a spiraling out of control of the bilateral trade and economic relationship.”