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Tim Cook argues against Trump's anti-China tariffs

Chief Executive Officer of Apple Inc. Tim Cook speaks on the first day of China Development Forum.
Chief Executive Officer of Apple Inc. Tim Cook speaks on the first day of China Development Forum. Photo: VCG / VCG via Getty Images

Apple CEO Tim Cook said in a panel discussion on Saturday that countries that don't embrace diversity, trade, and openness don't "do exceptionally," the Wall Street Journal reports.

Why it matters: This comes days after Trump's announced tariffs on China. Cook "depends on smooth bilateral relations between the U.S. and China," as the iPhone is assembled there and China is "a crucial market" for the product, per the Journal.