Last week Apple’s CEO was in Washington. Today he’s in Beijing.
From Reuters’ Apple’s Tim Cook calls for calm heads on China, US trade:
Apple Chief Executive Tim Cook on Saturday called for “calm heads” and more open trade, amid rising fears of a trade war between the United States and China.
Trade tension between China and the United States flared this week when President Donald Trump unveiled plans on Thursday to slap tariffs on potentially up to $60 billion in Chinese goods.
China’s Commerce Ministry on Friday urged the United States to “pull back from the brink”, saying it was not afraid to engage in a trade war…
“I’m cognizant that in both the U.S. and China, there have been cases where everyone hasn’t benefited, where the benefit hasn’t been balanced,” Cook said… “My belief is that one plus one equals three. The pie gets larger, working together.”
My take: Apple has a big stick in this fire, of course, but who would you rather represent U.S. interests in China, Tim Cook or Donald Trump?
UPDATE, from Apple’s Cook to Trump: Embrace Open Trade in Saturday’s Wall Street Journal ($):
“Countries that embrace openness, that embrace trade, that embrace diversity are the countries that do exceptionally,” Mr. Cook said during a panel discussion at an economic forum here Saturday, when asked what message he would like to bring home to Mr. Trump. “And the countries that don’t, don’t,” he added, without mentioning the president by name…
In a forum at the event, Mr. Cook also called for regulations to protect privacy. “I think this certain situation is so dire and has become so large that probably some well-crafted regulation is necessary,” he said.
Mr. Cook said that businesses or governments shouldn’t be able to know intimate details of individuals’ lives. “The ability for anyone to know what you’ve been browsing about for years, who your contacts are, who their contacts are, things you like and dislike and every intimate detail of life: from my point of view, it shouldn’t exist,” he said.