Apple could be used as a ‘bargaining chip’ in the trade war, Chinese state media warns

Apple could be used as a ‘bargaining chip’ in the trade war, Chinese state media warns, by Arjun Kharpal.

Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face “anger and nationalist sentiment” amid the ongoing trade war, an article in the state-backed People’s Daily warned Tuesday. The article originally appeared in another state-backed publication, Global Times, last week.

Gimme-dat!

Apple employed people in China and paid them at mutually agreed-upon rates. Chinese people are allowed to buy shares in Apple. What’s your problem?

“The eye-catching success achieved in the Chinese market may provoke nationalist sentiment if U.S. President Donald Trump’s recently adopted protectionist measures hit Chinese companies hard,” the People’s Daily said. …

“China is by far the most important overseas market for the U.S.-based Apple, leaving it exposed if Chinese people make it a target of anger and nationalist sentiment. China doesn’t want to close its doors to Apple despite the trade conflict, but if the U.S. company wants to earn good money in China, its needs to share its development dividends with the Chinese people.”

It’s unclear how the publication thinks Apple should share its profits with Chinese citizens.

Nice store you have there Apple. Shame if anything should happen to it.

hat-tip Charles