US president-elect Donald Trump would be a “naive” fool to launch an all-out trade war against China, a Communist party-controlled newspaper has claimed. “If Trump wrecks Sino-US trade, a number of US industries will be impaired. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. The president-elect’s staff said Trump thanked Xi for his well wishes and congratulations on his election victory. Attempts to strike a deal would soon be set in motion with Trump and the Chinese president, Xi Jinping, likely to come together early in his presidency, Guajardo predicted.

Source: The Guardian November 14, 2016 04:47 UTC