Donald Trump won the 2024 US presidential election on November 6 against Democratic candidate Kamala Harris. The inauguration of the 47th President of the United States will take place during Inauguration Day, which his predecessor, Joe Biden, will attend on January 20, 2025. A worrying prospectTim Cook, Apple CEO? The 64-year-old man took part in a meeting with around twenty leaders of large companies as well as the Chinese prime minister to discussthe business impact of Trump taking office in January.
A summit meeting between major companies and Chinese Premier Li Qiang
The meeting attended by more than twenty presidents of large groups including Tim Cook was held last Monday with the Chinese Prime Minister, Li Qiang. Bloomberg reports that executives from Lenovo Group and ICBC were present during the meeting. The opportunity to discuss possible trade disruptions and economic uncertainty following the inauguration of Donald Trump in a few weeks.
Remember that Donald Trump threatens to increase customs duties on Chinese products,which worries tech giants, including Apple, which manufactures some of itsiPhone in China through Foxconn.
Tim Cook even highlighted the importance of the Chinese supply chain during a speech broadcast on the social networks of the public television channel China Central Television. In addition, it is a major market for the Apple brand.
Li Qiang also stressed the need to maintain the stability of the global supply chain. In the end, it is difficult to know what was really said during this summit meeting. One thing is certain, Donald Trump's victory in the American presidential election makes these different actors fear the worst.
«On January 20, in one of my many first executive orders, I will sign all necessary documents to impose 25% tariffs on all products entering the United States on Mexico and Canada.», Donald Trump even declared this Monday, November 25.
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By : Keleops AG
