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It may not even be a sanctions choice by the US. It could be that China decides that making Macs, iPhones, and iPads does not align with "common prosperity."
by phoehne 5y ago
It may not even be a sanctions choice by the US. It could be that China decides that making Macs, iPhones, and iPads does not align with "common prosperity." They could make up a new law that says Apple devices need special export inspections, only available on February 30. It would have an outsized effect on the US Markets because Apple is such a large part of both the indexes (which grab headlines) but also their portfolios. (Either directly or through funds they hold). It's not going to cripple the US, but it would inflict pain. Most likely more pain than the Chinese leadership would feel.
- atlasunshrugged 5y agoYeah, I'm highly skeptical that China would do that to one of the largest companies in the world, not because they probably couldn't withstand it, but because of the general market signal it would create. Sentiment is already turning or has turned negative on China but it's a big market so many companies persist, but imagine if the biggest company in the world can just be shut out? Many companies would probably stay, but it'd just be to milk what they can out of the market, I doubt any would really invest significant resources in China anymore.