Apple Inc. (AAPL)
“I’m hoping that doesn’t happen. And I don’t anticipate it happening. I know people think the iPhone is made in China," Cook said. “The iPhone is assembled in China. The truth is, the iPhone is made everywhere. It’s made everywhere. And so a tariff on the iPhone would hurt all of those countries, but the one that would be hurt the most is this one."
“We’ve had a company in China for a long time. And so, there is a, I believe, a healthy level of respect for both sides," Cook said. “And so I don’t anticipate that happening. But I’m not promising that it will not, but I don’t anticipate it."
The move doesn’t just separate Apple apart from its data-hungry rivals, it twists the knife into them by placing its privacy-focused login option right next to Facebook and Google. The convenience no longer has to come at the expense of your data. Apple took advantage of a huge opportunity to make its massive 900 million+ user base more aware of the privacy practices of its Big Tech rivals. Even if someone loves Facebook and Google, they’ll now be prompted with a prominent reminder from Apple that those companies aren’t always clear about data collection every time they try to log into an app.
Apple Shutters Iconic iTunes As Listeners Switch To Spotify (Jun. 5, 2019)
The impact could be greater if Beijing tries to dissuade non-U.S. companies from doing business with U.S. manufacturers that need rare earths, rather than just restricting supplies from China to American factories, Raymond James warned. However, China’s past attempts to limit rare earth supplies have not been very successful, the investment bank noted.
When Beijing slashed shipments in 2010, prices for rare earths increased, creating an incentive for other countries to increase production. The measures also destroyed demand, as manufacturers found ways to use fewer rare earth minerals in their products.
“Something that I think will be detrimental to the world is if we were to move from the present state … to a sort of bifurcation of globalization," Vinals told CNBC’s Nancy Hungerford at the Institute of International Finance’s spring meeting in Japan.
He explained that some countries and companies may start “doing more business and operating in the half of the world which is globalized along the western line," while the other half may work “in the part which is globalized along the eastern line."
The impact of shoppers flocking to discount retailers is only expected to continue to hit enclosed and outdated shopping malls, of which the U.S. arguably still has far too many today. And Bank of America says additional store closures by mall-based retailers will only continue to benefit the likes of Walmart and Target, as the pool for competition over shoppers’ dollars shrinks further.