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Tim Cook: Trade War is Bad for Business

Last night, Apple CEO Tim Cook said Apple will lower its revenue projections due to plunging sales in China. The Nasdaq, of course, is set for a presipitous drop. This is exactly what Trump wanted. By imposing tariffs on China he was in fact undermining the Chinese economy. The thinking was, this would give the U.S. more negotiating leverage, but things are never this simple and policy decisions have unintended consequences. China imports a lot of shit from us and with the Chinese economy in the gutter things are starting to look very grim for tech companies who look to China for growth.

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