US Commerce Secretary comments on Apple's earnings miss (video)

Apple’s warning had nothing to do with U.S.-China trade talks, Wilber Ross tells CNBC.

I don’t think Apple’s earnings miss had anything to do with the present trade talks. Think about it. There have been no tariffs put on Apple products. So that’s not it.

Cue the video:

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Secretary Ross: Talks with China are at the appropriate level from CNBC.

My take: In remarks that will be carefully parsed in Beijing, Ross acknowledged that the trade talks have had an effect on China’s economy.