China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US. When the US tech giant Apple recently slashed its sales forecast, CEO Tim Cook pointed to declining sales in China – where US President Donald Trump’s trade war is exacerbating the effects of a slowing economy – as a major contributing factor. Apple’s diminished performance highlights how important the Chinese market has become to the bottom lines of many US companies – and reveals the risks Trump’s protectionism poses to the American economy.
OTHER NEWS
During the past two decades, CCP-controlled companies have become deeply integrated into millions of Americans’ portfolios. In fact, according to Robinson, there are more than 1,000 Chinese companies in the three main U.S. exchanges. In the New York Stock Exchange (NYSE) alone, there are more than 650 Chinese state-owned enterprises (SOEs); there are another 62 […]
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