Market Talk – January 29, 2020

by Martin Armstrong
Armstrong Economics


The coronavirus outbreak has taught the world a lesson on how much they depend on China. Ford and Toyota will stop some of their vast Chinese assembly plans for an extra week. Apple is preparing a plan to re-route their supply chains. Starbucks closed thousands of their stores and is warning of a financial crisis. China has become so crucial to the American companies that some members of the Trump administration are citing this dependence as a justification for the trade war that forced American businesses to consider shifting their factories in China to countries with better relations with Washington.

Apple will start their online sales in India starting July 2020, a source familiar with the matter told an online news agency. The iPhone maker said in August last year that it was “eager to serve [customers of India] online and in-store with the same experience and care that Apple customers around the world enjoy.”

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