China previously called Trump’s trade war a joke and said it would not retaliate further than matching what was then said to be a 125% tariff imposed by the US. That tariff was then revealed to actually be 145%, and China did not escalate its own tariffs — although it did halt rare earth mineral exports. Currently Apple is benefiting from an exemption to the China tariffs, although Trump repeatedly denies that there are any exemptions. At the same time, Trump also paused all tariffs — except for those on China.Apple could be severely affected as Trump reportedly pressures countries to limit their business dealings with China, which will result in more retaliations against US companies. Can China win this war ?
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