Huawei founder opposes Chinese retaliation against Apple
Ren Zhengei, Huawei founder and CEO, praises Apple and says he would "the first to protest" if there were any official Chinese trade-war retaliation against Apple.
The founder and CEO of Huawei, Ren Zhengei, has told Bloomberg that he would be against any potential Chinese moves against Apple in retaliation to the current US trade war.
Asked by Bloomberg TV's China correspondent, Tom Mackenzie, about retaliation, he said it wasn't an issue. "That will not happen, first of all," he said (in translation). "And second of all, if that happens, I'll be the first to protest. Apple is my teacher [and] it is advancing in front of us. As a student, why should I oppose my teacher? I would never do that."
He also took the opportunity to praise the company. "Apple is the world's leading company," he continued. "If there were no Apple, there would be no mobile internet. If there was no Apple to help show us the world, we would not see the beauty of this world."
The interview follows both a rising number of companies ceasing trading with Huawei because of US pressure, and predictions that potential retaliation could seriously damage Apple's earnings.
The founder and CEO of Huawei, Ren Zhengei, has told Bloomberg that he would be against any potential Chinese moves against Apple in retaliation to the current US trade war.
Asked by Bloomberg TV's China correspondent, Tom Mackenzie, about retaliation, he said it wasn't an issue. "That will not happen, first of all," he said (in translation). "And second of all, if that happens, I'll be the first to protest. Apple is my teacher [and] it is advancing in front of us. As a student, why should I oppose my teacher? I would never do that."
He also took the opportunity to praise the company. "Apple is the world's leading company," he continued. "If there were no Apple, there would be no mobile internet. If there was no Apple to help show us the world, we would not see the beauty of this world."
The interview follows both a rising number of companies ceasing trading with Huawei because of US pressure, and predictions that potential retaliation could seriously damage Apple's earnings.
Comments
A current day analogy is Musk's Tesla: You may not like what they make -- but you know what you're buying. Tesla stands for something and, while tactics may change and problems may arise, that commitment never wavers.
Using “Elon Musk” and “integrity” in the same sentence is laughable. Every other word Elon says is meant to distract, conflate, deflect, or otherwise keep people from seeing and knowing the truth about Tesla. “$420” and “funding secured” anyone? Just the most obvious out of a whole bunch of things he has said recently.
Buy, or don't buy Apple, for whatever reasons are appropriate, but don't expect your standard of living to rise if you can't, or won't, maximize the potential of your citizens.
FedEx diverted Asian shipments to its headquarters in Memphis:
"The two packages sent on May 19 and May 20 from Tokyo, intended for Huawei in China, ended up in Memphis, Tennessee, the headquarters of the U.S. company, by May 23, according to images of FedEx tracking records shown to Reuters by Huawei."
While for other packages:
"a FedEx customer service representative in Vietnam replied to their inquiry on May 22 when two expected packages did not arrive on time, saying: “Please be informed that FDX SG received notification from FDX US to hold and return the package to US. Hence, the shipment is not deliver to consignee and now being hold at FDX station and under process to RTS it (return to sender),”
Really, the longer this drags on, the worse for China. China who exports a ton of CRAP into the U.S. I don't have a problem just buying less crap. Taxes go up, buy less. Government says this new tax will bring in so much money and it ends up being a small fraction of that. Others are just doing what I do, spend less on that. Find a away around that. It took many years for China to get where they are and it'll take many years for other countries also. But just the fact that it's now happening and it's not going to just stop will hurt China. Trade is so unfair right now between the U.S and China that it's doing China far, far more harm. We have already had Tariffs on our stuff and other things outright blocked. I'm all for making things much more fair between the 2 countries. That happens, the Tariffs go away.
Tariffs used to also be the way the Federal Government used to be funded.