There are few companies with more to lose than Apple in a trade war between the United States and China.
The world's most valuable publicly traded company does nearly all of its manufacturing and assembly in China, the culmination of a long and complicated electronics supply chain that stretches around the world and ends with the Chinese-made iPhone you may be reading this story on.
So it's no surprise that the massive tariffs President Donald Trump has threatened and China's response could lead to a trade war that would cripple the iPhone company, and Apple CEO Tim Cook has been working behind the scenes with both governments to make sure it stays out of the crossfire.
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But a top White House trade adviser denied knowledge of any iPhone trade exemption in a conference call with reporters on Tuesday, according to Bloomberg. "With respect to Tim Cook and exceptions, I have no knowledge or comment about that," Peter Navarro, the director of the White House's National Trade Council, reportedly said.
http://www.businessinsider.com/trump-admin-may-have-promised-apple-iphones-left-out-of-china-trade-war-2018-6
