EC Apple Amidst US-China Wars

Who’s undermining US competitiveness

To sustain its global position, Apple is trying to navigate amid the US Cold War against China. If it ignores US views, it will face pressures in the US; its largest current market. If it neglects Chinese views, it risks failure in China; its pivotal future market. What is certain is that 

  1. Apple cannot ignore local responsiveness in any global market. 
  2. Americans did not lose their jobs to the Chinese. Rather, income polarization in America is driven by misguided domestic policies that derail consumer welfare.
  3. Nor is offshoring the cause of U.S. malaise. Apple’s success has benefited especially Taiwan. Chinese workers have salaries Americans won’t accept.
  4. If Apple is forced out from China, it stands to lose far more in smartphones, development, wearables, electric cars and new future segments.

Apple’s greatest challenge is not China, but the underlying conflict between its ecosystem and Trump-Biden protectionism

A longer version of the commentary was published by China-US Focus on June 25, 2021. It is based on Dr Steinbock’s fully-referenced global briefing

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Dr. Dan Steinbock is an internationally recognized strategist of the multipolar world and the founder of Difference Group. He has served at the India, China and America Institute (USA), Shanghai ...

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William K. 3 months ago Member's comment

Comparing pay without comparing the cost of living in an area is very intentionally misleading. And it is likely that China doe not have the equivalent of our federal reserve constantly pushing for more inflation. It doe cost less for a worker to live in China, so a comparison with what it cost here in the USA is a false comparison.

Angry Old Lady 2 months ago Member's comment

Exactly right, William.