tl;dr - USGOV master access to Apple's encryption gives repressive regimes the moral and political cover to publicly conduct the same surveillance they are alre

tl;dr - USGOV master access to Apple's encryption gives repressive regimes the moral and political cover to publicly conduct the same surveillance they are already doing, but also to make similar demands of US Manufacturers. It will provide some competitive advantage to a hardware manufacturer from a country who refuses to backdoor their equipment, but not in markets where decryption keys will be required (eg. US)