Apple CEO Tim Cook Optimistic About U.S.-China Trade Talks
Added 02-12-19 12:06:02am EST - “"Both sides are talking and I always think that is always the essential thing to reaching an agreement," Cook tells NPR. The U.S. has set a March 1 deadline for the talks, which resume this week.” - Npr.org
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Apple CEO Tim Cook attributed slower sales in China in part to the devaluation of the yuan. Bebeto Matthews/AP hide caption
Apple CEO Tim Cook says he's optimistic about trade talks between the U.S. and China. His remarks come as representatives from both countries are scheduled to meet later this week in Beijing.
"Both sides are talking and I always think that is always the essential thing to reaching an agreement," Cook told NPR on Monday. "... It's in both parties' best interests to come together."
Apple has much to lose if the talks don't go well. China has been a key part of Apple's growth. Analysts say close to 20 percent of the company's business comes from China and Taiwan.
A March 1 deadline looms over the talks. The Trump administration says if an agreement is not reached by then over issues such as intellectual property rights, it will increase tariffs on Chinese imports from 10 percent to 25 percent.
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