"Mr. Trump is not particularly keen on China," Faber told CNBC's "Squawk Box" on Friday. "There may be some trade war escalation or trade restrictions with China, which in my view would rather be negative for the U.S.
Trump has certainly set his sights on China. On the campaign trail, Trump repeatedly accused China of manipulating its currency in order to give its exports an advantage over
While China's yuan has fallen against the U.S.
But Faber, who is also known as Dr. Doom for his usually pessimistic predictions, noted that China wouldn't be easily cowed.
"China does not depend on the U.S. The U.S. is still its largest export destination as a country, but taken together, all the emerging markets are for China much more important," Faber noted.
China exported about $482 billion in goods to the U.S.
That compared with the 10 members of the Association of Southeast Asian Nations (Asean) alone importing $211.55 billion from China in 2015, while exporting around $134.25 billion to the mainland, according to data posted in November by the trade bloc.
- Source, CNBC