China To Trump: Back Off Or Apple Gets It

Donald Trump isn’t even President of the USA yet, but he’s already got a bulls eye on his back. An editorial from the state-run Global Times news outlet has appeared that says that if Trump declares China a currency manipulator and as a result raises tariffs on imported goods, US imports will be blocked. What’s really odd about this is that Apple and the iPhone is one of two companies that gets called out specifically:

China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the US.  

China is an important market for Apple that they are desperately trying to break into. And I am sure that Tim Cook and company are not thrilled at hearing this news.We will have to see if Apple can convince the incoming administration to walk back some of their rhetoric so that they can have a realistic shot at cracking that market.

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