-Fox-
Dow members Boeing, Apple and Nike may be targeted by the Chinese as the trade war with the U.S. rages on, according to The Global Times a state-controlled tabloid.
China may need to adopt a “hard-line approach” targeting U.S. firms listed on the Dow Jones Industrial Average, if President Donald Trump keeps up with his trade threat antics, the paper reported.
“China does not want a trade war, but if Chinese companies suffer great losses due to Trump's protectionist trade policies, China will have no choice but to fight back in a bid to safeguard the interests of Chinese investors,” The Global Times said on Thursday.
The 30 companies that comprise the weighted Dow Jones Industrial Average are among the world’s biggest and storied companies and may be some of the first to bear the brunt of China’s countermeasures,” the outlet added. Read more
Comments