Crack open an iPhone and you’ll begin to see why President Donald Trump’s ongoing trade war with China doesn’t make sense. On paper, imports of the popular smartphone and other goods from China look like a big loss to the U.S. The president certainly thinks so and has often cited the massive U.S.-China bilateral trade deficit – US$420 billion in 2018 – as a reason to fight his trade war. When an iPhone X arrives in the U.S., it adds about $370 – its factory cost – to the deficit. All...
Read More »Zero Hedge — iPhone X Sales Collapse Triggers Serious Breach Of Contract With Samsung
Apple woes mount. Is the shine off?Zero HedgeiPhone X Sales Collapse Triggers Serious Breach Of Contract With SamsungTyler Durden
Read More »Tyler Durden — iPhones Are Now “Embarrassing” In China As Trade War Deepens
Tim Cook's worst nightmare. But not just Apple. American products used to cool. Now, the coolness factor is disappearing.China had already completed its export-dependent phase of the economic plan, and was already embarking on increasing consumption-share of GDP. This just hastens the transition as the government is forced to increase domestic demand through stimulus to maintain employment.Zero HedgeiPhones Are Now "Embarrassing" In China As Trade War DeepensTyler Durden
Read More »At the front line in the Sino-American trade war — Links
Zero HedgeBeijing Backs Iran, "Firmly Opposes" Unilateral US Sanctions Tyler DurdenSputnik InternationalGoogle Suspends Huawei Access to Android Updates After Trump’s Ban – ReportsReutersSchumer asks government to probe rail tech from China Sputnik InternationalChinese Users Call for Boycott of Apple Phones Due to US Trade War
Read More »David Koenig — President Trump Says Apple Can Avoid Tariff Consequences by Opening U.S. Plants
President Donald Trump concedes that some Apple Inc. products may become more expensive if his administration imposes “massive” additional tariffs on Chinese-made goods, but he says the tech company can fix the problem by moving production to the U.S. “Start building new plants now. Exciting!” Trump said Saturday in a tweet aimed at the Cupertino, California-based company.... TimePresident Trump Says Apple Can Avoid Tariff Consequences by Opening U.S. Plants David Koenig | A P
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