CNBC's Jim Cramer said on Wednesday that the biggest concern for Apple's shareholders should be around what President Donald Trump goes on in the US-Chinese trading war.
Chinese President Chen Dingpin said Kramer said the next round of tariffs for Chinese imports could really hit Apple.
Trump threatens to set tariffs for other $ 300 billion worth of Chinese goods, effectively importing China to the US after raising $ 200 billion worth of Chinese commodity tariffs that are already subject to criminal duties last month.
On Monday, Trump told CNBC that if Xi did not attend the G20 meeting later this month, he would pull the trigger on these extra tariffs.
So far, Apple believes it has protected itself from any immediate impact from the escalating US-Chinese trade and economy.
"The Chinese have never turned their attention to Apple, and I do not expect this to happen to be honest," said Tim Cook, Apple CEO in an interview with CBS News earlier this month. Although Cook admitted that more fares could hurt sales, though he did not "expect it to happen". keep this 1
"I think you can own it, do not trade it," the host said. "But I fully understand why someone can say," That's a good move, I'm done. "
In June, after Tuesday's closing, Nasdaq rose nearly 5 percent, with Apple shares doubled since the last trading day
Apple, along with technology stocks, was blocked on the Romanian market, Nasdaq lost 8.4 percent in its worst monthly success in December 2018