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FILE - In this Saturday, March 23, 2019, file photo, Apple CEO Tim Cook waves as he arrives for the Economic Summit held for the China Development Forum in Beijing, China. Few U.S. companies are more vulnerable to a trade war with China than Apple. The company relies on factories in China to assemble the iPhones that generate most of its profits; it has also cultivated a loyal following in the country. (AP Photo/Ng Han Guan, File)

FILE - In this Saturday, March 23, 2019, file photo, Apple CEO Tim Cook waves as he arrives for the Economic Summit held for the China Development Forum in Beijing, China. Few U.S. companies are more vulnerable to a trade war with China than Apple. The company relies on factories in China to assemble the iPhones that generate most of its profits; it has also cultivated a loyal following in the country. (AP Photo/Ng Han Guan, File)

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