Trump's Economic Adviser Thinks The US-China Trade War Will Bring More Apple Like Announcements

According to Business Insider, One of President Donald Trump's top economic advisers suggested that Apple's shock announcement downgrading revenue outlook for the holiday quarter is only the first in a series of ugly earnings revelations coming as a result of the US-China trade war.
Kevin Hassett, the chair of the White House Council of Economic Advisers said, It's not going to be just Apple. There are a heck of a lot of US companies that have sales in China that are going to be watching their earnings being downgraded next year until we get a deal with China.”
Stocks were sharply lower following Apple's announcement, with the tech giant down almost 9%.