It’s something that President Xi Jinping undoubtedly intends to leverage in the coming weeks if trade war tensions boil over. He knows that with an election coming up, President Trump will do whatever he can to avoid an Apple stock collapse, which could ultimately sink equities further.
Out of all the U.S. companies affected by the trade war, though, Apple has mostly been ignored, in favor of corporations that depend on Chinese steel.
But Apple, more than anyone, could get skewered the most if Trump’s tariffs stick. Other electronics companies will feel the pain as well, but none of them are nearly as prolific as the one that produces the iPhone – an iconic symbol of capitalism that despite being technologically inferior to the competition, has endured the test of time.
If China has a shot at winning the trade war, they’ll have target America’s weak spot:
Our addiction to electronic devices.
Take away our “fix” and the people will be rioting in the streets.
That seems to be Xi’s plan, at least. Whether or not it succeeds in ripping Trump from the Oval Office is a different story.
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