World economy needs strong economic performance from U.S., China: Apple CEO
Apple CEO Tim Cook said Tuesday that a strong U.S.-China economy is needed for the world economy to be strong and that he is optimistic about a solution to the ongoing U.S.-China trade dispute.
It is in "the best interests" of both the United States and China to reach an agreement over their trade dispute, Cook said in an interview with U.S. news outlet CNBC.
"It is a very complex trade agreement and it needs to be updated ... I'm very optimistic that this will happen," he said.
He noted that a trade agreement between the United States and China "clearly will be good not only for us" but "more about the world in general."
A U.S. working group led by Deputy U.S. Trade Representative Jeffrey Gerrish have been in Beijing since January 7 for talks on the implementation of the important consensus reached by Chinese President Xi Jinping and his U.S. counterpart Donald Trump in Argentina in December.
The talks concluded on January 9 and the results will be released soon, China's Foreign Ministry spokesperson Lu Kang told a daily news briefing on Wednesday.
China-U.S. trade relations have been adversely affected after the Trump administration announced high tariffs on Chinese exports to the United States worth hundreds of billions of U.S. dollars in 2018.