Here's why Apple is so vulnerable to a trade war with China

Here's why Apple is so vulnerable to a trade war with China

Key PointsApple closes down almost 6% on Monday after news of a major escalation in the U.S.-China trade war The company assembles iPhones in China, making it vulnerable to price increases if a tariff were to be placed on Chinese exports It also sells a lot of iPhones in China, making it sensitive to Chinese consumer confidence.CEO of Apple Tim Cook attends China Development Forum 2019 at the Diaoyutai State Guesthouse on March 23, 2019 in Beijing, China  Apple closed down nearly 6% on Monday af...