>>4583228 (pb)
This is a good thing, no?
“Apple's shock announcement that the holiday quarter turned out worse than expected not only provided investors a warning about uglier-than-expected earnings for the company but also boosts one of President Donald Trump's key arguments in favor of the trade war with China.
Despite reports of pain for American businesses and workers, Trump has long said that the trade war is taking a much larger toll on China than the US. Given the relative strength of the American economy, Trump argues, the US can afford to wait for the economic pain to force China into concessions.
‘China, which is for the first time doing poorly against us, is spending a fortune on ads and P.R. trying to convince and scare our politicians to fight me on Tariffs — because they are really hurting their economy,’ Trump tweeted on August 4.
In Trump's line of thinking, the US can withstand blows from tariffs on $250 billion worth of Chinese goods because the underlying economic fundamentals are stronger than those in China. Apple's sudden revenue disappointment seems to support the argument, as the company placed nearly all the blame on the shoulders of China.”
https://www.businessinsider.com/apple-revenue-trump-china-trade-war-tariff-argument-2019-1
NBC is swamp — 4am talking points…