President Trump has effectively started a trade war with China—as well as other countries—by imposing tariffs on metal imports from Europe, Canada, and Mexico. These countries are fighting the U.S. trade war, with China focusing on American-made goods like beef, poultry, tobacco, and cars.
Tim Cook worries that Apple could be collateral damage. Last month he visited the White House to warn the president that Apple’s position in China could be threatened by tough measures coming out of the U.S. The New York Times notes:
In a trade and technology showdown between the United States and China, Apple and Mr. Cook have a lot to lose. With 41 stores and hundreds of millions of iPhones sold in the country, there is arguably no American company in China as successful, as high-profile and with as big a target on its back.
Check It Out: Apple Could Be Collateral Damage in the U.S. Trade War