Four U.S. industry sources who follow China policy closely said they were unsettled by any suggestion of abandoning the "one China" policy, which they said had served the business community well for several decades.
The sources, who spoke on condition of anonymity because of the sensitivity of the issue, stressed the importance of stability for businesses. They said Beijing could retaliate against U.S. companies that do business in China if Trump takes his tougher line too far.
"The Chinese are deeply concerned and we hear now from reliable sources in Beijing who suggest the Chinese government, the Communist Party, are developing lists of U.S. interests against which they could retaliate, commercial interests, and obviously one merely has to look at top U.S. exports to China to get a quick sense of whose heads may be on the chopping block," said one China trade policy expert who interacts closely with U.S. business....Reuters
Trump's tough trade talk makes U.S. firms fear China retribution
Nick Carey and Ginger Gibson