Chairman of the White House Council of Economic Advisers Kevin Hassett what that “it’s not going to be just Apple who would be affected by slowdown in China”. But rather “a heck of a lot of U.S. companies that have sales in China that are going to be watching their earnings being downgraded next year until we get a deal with China.”
But Hassett added that slowdown “puts a lot of pressure on China to make a deal” with Trump on trade. And, “If we have a successful negotiation with China then Apple’s sales and everybody else’s sales will recover.”
