On November 26, 2024, the appearance of the China International Exhibition Center (Shunyi Pavilion), where the second China International Supply Chain Expo (CISCE) is held.
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U.S. business leaders will meet with officials in China this week and attend a high-profile supply chain expo as trade threats intensify under President Donald Trump’s second term.
Among them are apple CEO Tim Cook will attend the second annual “China International Supply Chain Expo,” starting on Tuesday. The visit is his third visit to China this year and the first to attend the CIIE, highlighting the market’s importance to Apple’s sales and supply chain.
“We are very committed to China, which is why I have been here three times,” Cook said in a statement. video interview met with Chinese state media on Monday, adding that he expected relations between the two countries “to only get better.”
The American Chamber of Commerce in China posted on social media that before the expo, the CEO met with Chinese Premier Li Qiang and other senior executives of multinational companies. CNBC has reached out to Apple representatives for comment.
The meeting focused on strengthening economic and trade cooperation, It is said These include representatives from U.S. multinational technology company Corning Incorporated; Rio Tinto, the world’s second-largest mining company; and Chinese computer manufacturer Lenovo.
Hosted by China International Exhibition Center Group The 2nd CISCE The expo will focus on key supply chains such as advanced manufacturing, green and digital technologies, and supply chain services.
Trump 2.0 is imminent
The fair takes place two months before President-elect Trump’s inauguration. During the campaign, he promised to increase tariffs on goods from China by 60% to 100%.
According to a post, Trump said on Tuesday Asia time that he would raise an additional 10% tariff on all Chinese goods entering the United States. on his social media platform Truth Social.
Such tariffs pose high risks for international companies such as Apple that rely on China as a major manufacturing base. In recent years, the company has been shifting its global supply chain from China to countries such as India as part of a diversification effort.
Rising trade tensions with the United States could complicate Beijing’s efforts to attract more foreign direct investment and slow the economy’s gross domestic product growth.
While attending a meeting of senior executives on Monday, China’s prime minister Make a statement Oppose decoupling and support maintaining and strengthening global industrial and supply chains.
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