How U.S, China, and Apple Are Reshaping Trade ,Apple earnings show further weakness in #china #Trump
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[{'start': '0.000', 'end': '0.766', 'text': 'Hey everyone'}, {'start': '0.766', 'end': '2.200', 'text': 'welcome back to my channel!'}, {'start': '2.200', 'end': '2.633', 'text': 'Today'}, {'start': '2.633', 'end': '4.300', 'text': 'It’s a high-stakes drama between the U'}, {'start': '4.300', 'end': '4.500', 'text': 'S'}, {'start': '4.500', 'end': '5.466', 'text': ', China, Vietnam'}, {'start': '5.466', 'end': '7.300', 'text': 'and even Apple’s supply chain'}, {'start': '7.300', 'end': '9.900', 'text': 'Our story starts with a glimmer of hope'}, {'start': '9.900', 'end': '10.166', 'text': 'the U'}, {'start': '10.166', 'end': '10.266', 'text': 'S'}, {'start': '10.266', 'end': '10.866', 'text': 'and China'}, {'start': '10.866', 'end': '12.466', 'text': 'the world’s two economic giants'}, {'start': '12.466', 'end': '14.300', 'text': 'have been locked in a tariff war'}, {'start': '14.300', 'end': '16.966', 'text': 'slapping taxes on each other’s goods for years'}, {'start': '16.966', 'end': '19.266', 'text': 'But last week, something shifted'}, {'start': '19.266', 'end': '19.633', 'text': 'The U'}, {'start': '19.633', 'end': '19.833', 'text': 'S'}, {'start': '19.833', 'end': '21.200', 'text': 'reached out to China, saying'}, {'start': '21.200', 'end': '22.100', 'text': '“Hey, let’s talk'}, {'start': '22.300', 'end': '24.466', 'text': '” China’s Ministry of Commerce responded'}, {'start': '24.700', 'end': '25.666', 'text': '“We’re listening'}, {'start': '25.666', 'end': '28.000', 'text': '” They’re now evaluating whether to kick off'}, {'start': '28.000', 'end': '32.300', 'text': 'trade negotiations to scale back this tit-for-tat tariff battle'}, {'start': '32.400', 'end': '33.600', 'text': 'Why does this matter?'}, {'start': '33.600', 'end': '36.300', 'text': 'Because tariffs have been driving up costs'}, {'start': '36.300', 'end': '38.500', 'text': 'for companies and consumers alike'}, {'start': '38.633', 'end': '40.533', 'text': 'and a truce could change the game'}, {'start': '40.600', 'end': '41.266', 'text': 'Now'}, {'start': '41.266', 'end': '44.500', 'text': 'let’s zoom in on one of the biggest players in this story:'}, {'start': '44.500', 'end': '45.300', 'text': 'Apple'}, {'start': '45.600', 'end': '48.500', 'text': 'If you’re watching this on an iPhone or iPad'}, {'start': '48.500', 'end': '49.300', 'text': 'listen up!'}, {'start': '49.300', 'end': '52.000', 'text': 'Apple just dropped its first-quarter earnings'}, {'start': '52.000', 'end': '54.000', 'text': 'beating profit expectations'}, {'start': '54.000', 'end': '55.566', 'text': 'But there’s a catch'}, {'start': '55.566', 'end': '57.333', 'text': 'CEO Tim Cook warned that'}, {'start': '57.333', 'end': '57.633', 'text': 'U'}, {'start': '57.633', 'end': '57.833', 'text': 'S'}, {'start': '57.833', 'end': '59.933', 'text': 'tariffs are a serious threat'}, {'start': '59.966', 'end': '65.200', 'text': 'They’re expecting tariffs to cost Apple a whopping $900 million this quarter alone'}, {'start': '65.366', 'end': '67.033', 'text': 'That’s not pocket change'}, {'start': '67.233', 'end': '69.633', 'text': 'even for a $3.2 trillion company'}, {'start': '70.300', 'end': '72.666', 'text': 'So, what’s Apple doing about it?'}, {'start': '72.800', 'end': '74.366', 'text': 'They’re shifting gears'}, {'start': '74.366', 'end': '77.900', 'text': 'moving some iPhone production to India and iPad'}, {'start': '77.900', 'end': '78.466', 'text': 'Mac'}, {'start': '78.466', 'end': '80.666', 'text': 'and AirPod production to Vietnam'}, {'start': '80.766', 'end': '83.033', 'text': 'Cook even said most iPhones sold in the U'}, {'start': '83.033', 'end': '83.466', 'text': 'S'}, {'start': '83.466', 'end': '85.400', 'text': 'will soon come from India'}, {'start': '85.400', 'end': '86.333', 'text': 'not China'}, {'start': '86.500', 'end': '88.066', 'text': 'But here’s the twist:'}, {'start': '88.200', 'end': '91.400', 'text': 'about 80% of iPhones are still made in China'}, {'start': '91.400', 'end': '92.100', 'text': 'and a complete'}, {'start': '92.100', 'end': '92.233', 'text': 'U'}, {'start': '92.233', 'end': '92.400', 'text': 'S'}, {'start': '92.400', 'end': '96.000', 'text': '-China trade breakdown could cut Apple’s value in half'}, {'start': '96.400', 'end': '97.400', 'text': 'or worse'}, {'start': '97.866', 'end': '101.666', 'text': 'to $1.2 trillion if China’s government bans iPhone sales there'}, {'start': '101.833', 'end': '104.233', 'text': 'like they did with Samsung years ago'}, {'start': '104.366', 'end': '106.500', 'text': 'Imagine the stock market chaos'}, {'start': '106.500', 'end': '110.100', 'text': 'with Apple making up 6% of the S&P 500!'}, {'start': '110.100', 'end': '111.366', 'text': 'Let’s pivot to the small guys in this story'}, {'start': '111.366', 'end': '113.866', 'text': 'the small businesses caught in the crossfire'}, {'start': '114.000', 'end': '116.033', 'text': 'While Apple can shift factories'}, {'start': '116.166', 'end': '118.066', 'text': 'small businesses are begging for relief'}, {'start': '118.233', 'end': '120.200', 'text': 'They’re telling President Trump'}, {'start': '120.200', 'end': '122.433', 'text': '“We can’t afford these tariffs!” Surging costs'}, {'start': '122.566', 'end': '129.033', 'text': 'and broken supply chains are pushing some to the brink of collapse'}, {'start': '129.366', 'end': '133.033', 'text': 'mom-and-pop shops struggling to keep the lights on'}, {'start': '133.100', 'end': '135.400', 'text': 'Now, let’s hop over to Vietnam'}, {'start': '135.533', 'end': '138.033', 'text': 'where this tariff saga takes another turn'}, {'start': '138.200', 'end': '142.066', 'text': 'Vietnam has become a hotspot for Chinese companies looking to dodge U'}, {'start': '142.066', 'end': '142.233', 'text': 'S'}, {'start': '142.233', 'end': '144.366', 'text': 'tariffs by setting up shop there'}]