Disney boss warns of China trade war would threats

Walt Disney's chief executive has warned that a trade war between the US and China would be bad for business, BBC News reports.

China is increasingly important for the firm's movie and merchandise sales.

And it said Disneyland Shanghai - its first theme park in mainland China - was one of its "biggest success stories in 2016."

Тhere are reportedly fears that protectionist policies being pursued by US President Donald Trump could set off a trade war between the two countries.

During his election campaign, Mr Trump threatened to impose a 45% tariff on Chinese imports, to try and tackle what he sees as an increasingly unbalanced economic relationship between the nations.

"An all-out trade war with China would be damaging to Disney's business and to business in general," Disney's chief executive Bob Iger told CNBC.

He was also critical of an executive order signed by Mr Trump barring migrants and refugees from several Muslim countries.

"We cannot shut our borders to immigrants," he said.