An auto worker prepares to install an instrument panel inside a 2017 Ford F-Series Super Duty truck at the Kentucky Truck Plant in Louisville.
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Shares of U.S. automakers General Motors Co. and Ford Motor Co. skidded Wednesday after a Chinese official warned the government could slap a penalty on an unnamed U.S. automaker for monopolistic behavior.The warning from a senior Chinese state planning official, conveyed through the official China Daily newspaper Wednesday, came days after U.S. President-elect Donald Trump questioned the long-standing U.S. policy of acknowledging that Taiwan is part of "one China". Relying on stable U.S.-China relations for more than 40 years, the companies have ramped up sales in China and developed complex supply chains that feed Chinese-made parts to their U.S. operations.There are many ways that China could retaliate against the United States, including leveraging its holdings of $1.19 trillion of U.S. treasuries in September.Ford's China joint ventures represented about 16 percent of its global pre-tax profit of $9.4 billion in 2015 .
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