December 21, 2018

A trade war between the world’s two largest economies is likely to evolve into a dispute over intellectual property rights over the coming months, one analyst told CNBC Friday, with Apple set to bear the brunt of any further fallout.

A long-running trade dispute between the U.S. and China has rattled financial markets in recent months, with a global stock market sell-off gathering pace in December amid escalating concerns of a possible economic slowdown.

President Donald Trump and Chinese leader Xi Jinping declared a 90-day cease-fire at the start of the month, but external observers remain deeply skeptical about the chances of Washington and Beijing agreeing to a comprehensive trade pact in the proposed timeframe.

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https://www.cnbc.com/2018/12/21/apple-is-the-most-sensitive-to-us-china-trade-war-strategist-says.html